Merger Notification - Announcement according to § 10 Cartel Act
MET Holding AG; Pegasus Energie GmbH; Erwerb des Gasspeichergeschäftes der Gas-Union GmbH
On 06.11.2020 the following merger was notified at the Federal Competition Authority:
Planned purchase process
The notified concentration concerns the acquisition by MET Holding AG (Zug, Switzerland) of the gas storage business of Gas-Union GmbH (Frankfurt am Main, Germany) by virtue of the acquisition of all shares in and sole control of newly established Pegasus Energie GmbH (Frankfurt am Main, Germany).
The notified concentration concerns the field of storage of natural gas.
Industry sector: D - Energieversorgung
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 04.12.2020.
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 05.12.2020 .