Merger Notification - Announcement according to § 10 Cartel Act
Volkswagen AG; Rimac Automobili d.o.o
BWB/Z-5330
On 26.03.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Volkswagen AG, Wolfsburg, Germany, and Rimac Automobili d.o.o., Sveta Nedelja, Croatia, intend to establish a joint venture under Croatian law. Volkswagen Group will hold 45 % and Rimac will hold 55 % of the shares of the joint venture.
The contemplated transaction concerns the field of so-called hypercars, i.e., extremely exclusive and expensive high-performance vehicles.
Activity concerned: Section C.29.10 – Manufacture of motor vehicles ; Section G.45.1 – Sale of motor vehicles
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren G - Handel; Instandhaltung und Reparatur von Kraftfahrzeugen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 23.04.2021.
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 24.04.2021 .