Merger Notification - Announcement according to § 10 Cartel Act
Hilton Grand Vacations Inc.; Diamond Resorts International, Inc.; Apollo Management VIII, L.P.
BWB/Z-5357
On 09.04.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Hilton Grand Vacations Inc., USA, intends to acquire (indirectly) 100 % of the shares in and control over Diamond Resort International Inc., USA.
Economic sector: Accommodation and food service activities; hospitality and vacation ownership
Industry sector: I - Gastgewerbe/Beherbergung und Gastronomie
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 07.05.2021.
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 08.05.2021 .