Merger Notification - Announcement according to § 10 Cartel Act

Pappas Holding GmbH; Rack Autó Kft - BWB/Z-5564 | Bundeswettbewerbsbehörde

Pappas Holding GmbH; Rack Autó Kft

BWB/Z-5564

23.07.2021

On 23.07.2021 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

Pappas Holding GmbH (5020 Salzburg, Austria), a company ultimately controlled by Madam Consul General Catharina Pappas, intends to acquire from Rack Holding Kft. (Budaörs, Hungary) all shares in as well as sole control of Rack Autó Kft (Budaörs, Hungary).

The notified concentration concerns the sale of cars, car maintenance and repair services as well as the sale of motor vehicle parts.

Industry sector: G - Handel; Instandhaltung und Reparatur von Kraftfahrzeugen

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 20.08.2021.

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 21.08.2021 .

back to list