Merger Notification - Announcement according to § 10 Cartel Act
INEOS Holdings AG; Belstaff Group S.A.
On 31.10.2017 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
INEOS Holdings AG (Rolle, Switzerland) intends to acquire 100% of the shares of Belstaff Group S.A. (Caslano, Switzerland). INEOS is a global manufacturer of Petrochemicals, specialty chemicals and oil products. Belstaff designs, sources and markets sportswear, ready to wear clothing, outerwear, shoes, and accessories for women and men worldwide.
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 28.11.2017.
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 29.11.2017 .