Merger Notification - Announcement according to § 10 Cartel Act

Arçelik A.Ş.; Hitachi Global Life Solutions, Inc - BWB/Z-5278 | Bundeswettbewerbsbehörde

Arçelik A.Ş.; Hitachi Global Life Solutions, Inc



On 25.02.2021 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

Arçelik A.Ş., Turkey, intends to acquire 60% of the shares in the home appliance business of Hitachi Global Life Solutions, Inc., Japan.

Industry: home appliances.

Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 25.03.2021.

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 26.03.2021 .

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