Merger Notification - Announcement according to § 10 Cartel Act

De'Longhi S.p.A.; Capital Brands Holdings, Inc. - BWB/Z-5115 | Bundeswettbewerbsbehörde

De'Longhi S.p.A.; Capital Brands Holdings, Inc.

BWB/Z-5115

24.11.2020

On 23.11.2020 the following merger was notified at the Federal Competition Authority:

Planned purchase process

De'Longhi S.p.A., Treviso, Italy, intends to acquire 100% of the share capital of Capital Brands Holdings, Inc., Los Angeles, California, United States of America, from CLP Kitchen Tech, LLC, United States of America.

Field of business concerned: Production and distribution of small electrical household appliances

Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 21.12.2020.

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 22.12.2020 .

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