Merger Notification - Announcement according to § 10 Cartel Act

Venetiko Holdings Single Member S.A.; SIF Holdings Limited; SI Foods Limited - BWB/Z-5432 | Bundeswettbewerbsbehörde

Venetiko Holdings Single Member S.A.; SIF Holdings Limited; SI Foods Limited

BWB/Z-5432

27.05.2021

On 27.05.2021 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

Venetiko Holdings Single Member S.A. (Greece), owned by funds managed and controlled by CVC Capital Partners SICAV-FIS S.A. (Luxembourg), intends to acquire a majority of the shares in and joint control over SI Foods Holdings Limited (Cyprus), which, at the time of completion of the Proposed Transaction, will hold the majority of shares in and sole control over Dodoni S.A. (Greece).

The seller and currently 100% shareholder of SI Foods Holdings Limited (Cyprus) (and solely controlling majority shareholder of Dodoni S.A. (Greece)) SIF Foods Limited (Cyprus) will retain a jointly controlling minority shareholding in SI Foods Holdings Limited (Cyprus).  

The concentration concerns the production and supply of dairy products and cheese.

Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 24.06.2021.

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 25.06.2021 .

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