Merger Notification - Announcement according to § 10 Cartel Act
Adient plc; Chongqing Yanfeng Adient Automotive Components Co., Ltd.
BWB/Z-5415
On 17.05.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Adient plc, Dublin, Ireland intends to acquire 50% of the shares in Chongqing Yanfeng Adient Automotive Components Co., Ltd, Chongqing, China, of which it already holds 25%. The remaining 25% of the shares in the target company will be held by Chongqing Boxun Industrial Co., Ltd, Chongqing, China.
Economic Sector: Manufacture of other parts and accessories for motor vehicles
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 14.06.2021.
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 15.06.2021 .