Merger Notification - Announcement according to § 10 Cartel Act
Convergenta Invest GmbH; CECONOMY AG
BWB/Z-5293
On 05.03.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Convergenta Invest GmbH, Germany, intends to acquire a non-controlling minority participation of approx. 25.9 % of the shares in CECONOMY AG, Germany.
The concentration concerns retail sales of consumer electronics.
ÖNACE Code: G 47.43 Retail sales of consumer electronics."
Industry sector: G - Handel; Instandhaltung und Reparatur von Kraftfahrzeugen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 06.04.2021.
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 07.04.2021 .