Merger Notification - Announcement according to § 10 Cartel Act
De'Longhi S.p.A.; Capital Brands Holdings, Inc.
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 .