Merger Notification - Announcement according to § 10 Cartel Act
Saudi Basic Industries Corporation; SK Global Chemicals Co., Ltd.
On the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Saudi Basic Industries Corporation, Saudi-Arabia und SK Global Chemicals Co., Ltd., South Korea intend the foundation of a part function joint undertaking. The merger plan concerns the production of Polyethylen under raising of Metallocen catalyst (so-called Metallocene-Polyethylen).
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 16.09.2014.
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 not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 16.09.2014 .