Merger Notification - Announcement according to § 10 Cartel Act
Siemens Project Ventures GmbH; Sequana Investment GmbH; VER GEO LIO GmbH; HOCHTIEF Lithium Holding GmbH
BWB/Z-7179
On 05.12.2025 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Siemens Project Ventures GmbH, Germany, an indirect wholly-owned subsidiary of Siemens Aktiengesellschaft, intends to acquire 50 % of the shares in the yet to be established Sequana Investment GmbH, which serves as an acquisition vehicle for an investment in VER GEO LIO GmbH, Germany.
Economic Sector: Electricity generation from renewable energy sources; Steam and air conditioning supply; Manufacture of other inorganic basic chemicals
C - MANUFACTURING C 20 - Manufacture of chemicals and chemical products, C 20.1 - Manufacture of basic chemicals, fertilisers and nitrogen compounds, plastics and synthetic rubber in primary forms, C 20.13 - Manufacture of other inorganic basic chemicals, D - ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY, D 35 - Electricity, gas, steam and air conditioning supply, D 35.1 - Electric power generation, transmission and distribution, D 35.12 - Production of electricity from renewable sources, D 35.3 - Steam and air conditioning supply, D 35.30 - Steam and air conditioning supply
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 16.01.2026.
Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.
Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.
Non-prohibition of the merger
The Federal Competition Authority and the Federal Cartel Prosecutor have waived their right to apply for examination of the merger by the Cartel Court before the deadline. The standstill obligation (§ 17(1) Cartel Act) ends with effect from 12.01.2026 .