Merger Notification - Announcement according to § 10 Cartel Act
ČEZ, a. s.; BELECTRIC GRUPPE
BWB/Z-5753
On 10.11.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
ČEZ, a. s., Czech Republic, via its indirect and controlled subsidiary Elevion Group B.V., Netherlands, and other subsidiaries, intends to acquire all shares in, and thus the sole control over, (i) Belectric GmbH, Germany (and indirectly in its subsidiaries), (ii) Belectric Solar Ltd., United Kingdom, (iii) Belectric Italia s.r.l., Italy, (iv) Belectric France S.A.R.L., France, and (v) Belectric Israel Ltd., Israel.
Industry sector: F - Baugewerbe/Bau
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 09.12.2021.
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 10.12.2021 .