Merger Notification - Announcement according to § 10 Cartel Act
Fidelidade - Companhia de Seguros, S.A.; the prosperity company AG
BWB/Z-5684
On 28.09.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Fidelidade - Companhia de Seguros, S.A., Portugal, a company majority-owned by Fosun International Limited, China, intends to indirectly acquire more than 50% of the shares in and sole control over the prosperity company AG, Liechtenstein.
Economic sector: Insurances
Industry sector: K - Erbringung von Finanz- und Versicherungsdienstleistungen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 27.10.2021.
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 28.10.2021 .