Merger Notification - Announcement according to § 10 Cartel Act
Goldman Sachs Asset Management, L.P., ICBC Wealth Management Co.
BWB/Z-5807
On 20.12.2021 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Goldman Sachs Asset Management, L.P., United States, and ICBC Wealth Manage-ment Co., Ltd., People's Republic of China, intends to create a full-function joint venture under the laws of the People's Republic of China.
Economic Sector: Other activities related to financial services
Industry sector: K - Erbringung von Finanz- und Versicherungsdienstleistungen
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 17.01.2022.
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 18.01.2022 .