Merger Notification - Announcement according to § 10 Cartel Act
Lufthansa Technik AG; MTU Aero Engines AG
On 30.06.2017 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Lufthansa Technik AG (Hamburg, Germany) and MTU Aero Engines AG (Munich, Germany) intend the formation of a joint-venture, to which both founding partners contribute their existing business segment concerning maintenance, repair and overhaul of certain types of engines for civil aviation of their undertakings. The jointl-venture will provide services only to the two founding partners, each of which will hold 50% of the shares in and exercise joint-control over the joint-venture.
Industry sector: H - Verkehr und Lagerei
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 28.07.2017.
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 29.07.2017 .