Merger Notification - Announcement according to § 10 Cartel Act

DSR Gruppe; Implenia Real Estate GmbH - BWB/Z-5214 | Bundeswettbewerbsbehörde

DSR Gruppe; Implenia Real Estate GmbH

BWB/Z-5214

19.01.2021

On 19.01.2021 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

Implenia Real Estate GmbH, Raunheim, Germany, intends to acquire 50 % of the shares of each of DSR Immobilien Development GmbH and DSR Hotel Boltenhagen GmbH, both Rostock, Germany, from Deutsche Seereederei GmbH, Rostock, Germany.

The contemplated transaction concerns the area of project development of hotel/holiday properties in the form of
new buildings and conversion projects, based on a “green hospitality” approach.

Section L — Real Estate Activities

Industry sector: L - Grundstücks- und Wohnungswesen

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 16.02.2021.

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 17.02.2021 .

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