Merger Notification - Announcement according to § 10 Cartel Act
The Estée Lauder Companies Inc.; Deciem Beauty Group Inc
BWB/Z-5272
On 23.02.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
The Estée Lauder Companies Inc., New York, USA, intends to indirectly acquire additional interest in, and sole control over, Deciem Beauty Group Inc., Toronto, Canada, and will hold approx. 75,6% of the shares in Deciem following the transaction.
ÖNACE-Code C.20.42: Manufacture of soap and detergents, cleaning, body care products and perfumes
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 23.03.2021.
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 24.03.2021 .