Merger Notification - Announcement according to § 10 Cartel Act
UBM hotels Management GmbH; Vienna International Hotelmanagement AG; UBM hotels München GmbH
On 23.10.2017 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
UBM hotels Management GmbH (Vienna) and Vienna International Hotelmanagement AG (Vienna) intend to acquire joint control over UBM hotels München GmbH (Munich), which will act in the future under the name UBM+VH Hotels GmbH in the market. The joint venture will operate hotels based on franchise agreements. Affected business area is tourism.
Industry sector: I - Gastgewerbe/Beherbergung und Gastronomie
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 20.11.2017.
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 21.11.2017 .