Merger Notification - Announcement according to § 10 Cartel Act
Cerberus Capital Management LP; HSH Nordbank AG
BWB/Z-3873
On 28.03.2018 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Certain private investment funds managed by Cerberus Capital Management LP (New York / United States) intend to acquire a non-controlling minority stake of more than 25% in HSH Nordbank AG (Hamburg and Kiel / Germany). The intended concentration concerns banking services.
Industry sector: K - Erbringung von Finanz- und Versicherungsdienstleistungen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 25.04.2018.
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 26.04.2018 .