Merger Notification - Announcement according to § 10 Cartel Act

SAMSUNG SDI Co., Ltd.; Stellantis N.V. - BWB/Z-6081 | Bundeswettbewerbsbehörde

SAMSUNG SDI Co., Ltd.; Stellantis N.V.

BWB/Z-6081

16.09.2022

On 15.09.2022 the following merger was notified at the Federal Competition Authority:

Planned purchase process

Stellantis N.V. (the Netherlands) intends to acquire indirectly 49% of the shares (by means of a  capital increase), in a newly set up 100% subsidiary (United States) of Samsung SDI Co., Ltd.  (South Korea). As a result, Samsung SDI Co., Ltd. will hold 51% and Stellantis N.V. will hold 49%  of the shares in the joint venture. The joint venture will be active with the manufacture and supply  of rechargeable batteries for electric vehicles. 

The concentration concerns the supply and production of rechargeable batteries. 

Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 13.10.2022.

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 14.10.2022 .

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