Merger Notification - Announcement according to § 10 Cartel Act
Robert Bosch GmbH; Purmo Group Oy Ab Ltd.; Evroradiators LLC
BWB/Z-5204
On 13.01.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Purmo Group Oy Ab, Ltd., Helsinki, Finland intends to indirectly acquire 51% of the shares in the Russian company Evroradiators LLC, Engels, Russia, which has to date been solely controlled by Robert Bosch GmbH, Gerlingen-Schillerhöhe, Germany.
The remaining 49% of the shares are to remain with Robert Bosch Investment Nederland B.V., a wholly-owned subsidiary of Robert Bosch GmbH.
Economic Sector: Manufacturing; Manufacture of fabricated metal products; Manufacture of central heating radiators and boilers.
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 10.02.2021.
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 11.02.2021 .