Merger Notification - Announcement according to § 10 Cartel Act
Salzburg AG für Energie, Verkehr und Telekommunikation; TIWAG-Tiroler Wasserkraft AG; MyElectric
BWB/Z-2511
On the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
With cession contract from the 13.11.2014 the TIWAG-Tiroler Wasserkraft AG intends to resign her share described closer on top in the nominal to completely performed 100,000.00€ to the Salzburg AG für Energie, Verkehr und Telekommunikation. The fact of the matter §7 paragraph 1 litera 3 of the cartel law is realised by the concrete process. The Salzburg AG becomes by the concrete process main share holder of MyElectric. She raises her participation of from 50% to 100%. The TIWAG retires therefore from the society. The affected branch of business encloses stream and gas distribution.
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 23.12.2014.
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 23.12.2014 .