Merger Notification - Announcement according to § 10 Cartel Act

Carlyle; Varo Energy B.V - BWB/Z-5252 | Bundeswettbewerbsbehörde

Carlyle; Varo Energy B.V



On 09.02.2021 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

Through CIEP II Varo S.à r.l. (Luxemburg/Luxemburg), a subsidiary of Carlyle International Energy Partners II S.C.Sp, a fund managed by affiliates of The Carlyle Group Inc. (Washington D.C./United States), Carlyle intends to increase its shareholding in Varo Energy B.V. (Rotterdam/The Netherlands) to more than 50%.

The proposed concentration concerns refining, storing, distribution of and the trade in mineral oils, biofuels and other mineral oil products.

Affected business areas: Wholesale trade / Retail trade

Industry sector: G - Handel; Instandhaltung und Reparatur von Kraftfahrzeugen

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 09.03.2021.

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 10.03.2021 .

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