Merger Notification - Announcement according to § 10 Cartel Act

bank99 AG; ING-DiBa AG - BWB/Z-5590 | Bundeswettbewerbsbehörde

bank99 AG; ING-DiBa AG



On 02.08.2021 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

bank99 AG intends to acquire the Austrian retail banking business operated by ING-DiBa Austria Niederlassung der ING-DiBa AG (excluding savings only customers) from ING-DiBa AG.

Industry sector: K - Erbringung von Finanz- und Versicherungsdienstleistungen

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 30.08.2021.

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 31.08.2021 .

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