Merger Notification - Announcement according to § 10 Cartel Act

Teclor S.r.l.; Riethmann Vermögensverwaltung GmbH; Lowa Sportschuhe GmbH; Riko Sport S.г.l. - BWB/Z-4476 | Bundeswettbewerbsbehörde

Teclor S.r.l.; Riethmann Vermögensverwaltung GmbH; Lowa Sportschuhe GmbH; Riko Sport S.г.l.

BWB/Z-4476

25.06.2019

On 24.06.2019 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

Lowa Sportschuhe GmbH (Jetzendorf/Germany) intends to acquire a 100% interest in the shares of and control over Riko Sport S.r.l. (Altivole/Italy). In parallel, Teclor S.r.l. (Via Fante d'Italia/Italy) intends to acquire sole control over Lowa Sportschuhe GmbH and Riethmann Vermögensverwaltung GmbH (Jetzendorf/Germany) intends to acquire additional shares in Lowa Sportschuhe GmbH, leading to a 25% shareholding. The proposed concentration concerns outdoor shoes.

Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 22.07.2019.

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 23.07.2019 .

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