Merger Notification - Announcement according to § 10 Cartel Act
Bajaj-Gruppe; Pierer-Gruppe
BWB/Z-5642
On 31.08.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
The notified concentration concerns the acquisition of shares in PTW Holding AG, a holding company of the Pierer-Group, Wels, Austria, by Bajaj Auto International Holding B.V., Amsterdam, the Netherlands, in the amount of 49.90%, with the relinquishment of 46.50% of the shares previously held by Bajaj Auto International Holding B.V. in KTM AG in the amount of around 48.00%.
Economic sector(s) concerned: Manufacture of motorcycles
Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 28.09.2021.
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 29.09.2021 .