Merger Notification - Announcement according to § 10 Cartel Act
Apollo Management, L.P.; Knighthead Capital Management; Hertz Global Holdings Inc.
BWB/Z-5437
On 31.05.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Funds managed and/or advised (directly/indirectly) by Apollo Capital Management, L.P., USA, Certares Opportunities LLC, USA, and Knighthead Capital Management, LLC, USA, respectively, intend to acquire (directly/indirectly) shares of more than 25 % in Hertz Global Holdings Inc., USA.
Economic Sector: Renting of cars and light motor vehicles
Industry sector: N - Erbringung von sonstigen wirtschaftlichen Dienstleistungen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 28.06.2021.
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 29.06.2021 .