Merger Notification - Announcement according to § 10 Cartel Act
Westbay Holdings Limited; WISD Holding Limited
On 17.10.2017 the following merger was notified at the Federal Competition Authority:
Planned purchase process
Westbay Holdings Limited (Limassol, Cyprus) intends to increase its shareholding in WISD Holding Limited (Limassol, Cyprus) from 25.33% to 50,66%, and thereby acquiring sole control over MET Group through WISD Holding Limited. The intended concentration concerns wholesale and trading of natural gas and electricity as well as trading of oil and oil products.
Industry sector: G - Handel; Instandhaltung und Reparatur von Kraftfahrzeugen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 14.11.2017.
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 15.11.2017 .