Merger Notification - Announcement according to § 10 Cartel Act

Ford Motor Company; SK On Co., Ltd.; Koç Holding A.Ş. - BWB/Z-6089 | Bundeswettbewerbsbehörde

Ford Motor Company; SK On Co., Ltd.; Koç Holding A.Ş.

BWB/Z-6089

26.09.2022

On 23.09.2022 the following merger was notified at the Federal Competition Authority:

Planned purchase process

Ford Motor Company, United States, Koç Holding A.Ş., Turkey, and SK On Co., Ltd, Republic of Korea, acquire joint control over Battery Cell International Batarya Üretim Sanayi ve Tedarik A.Ş., Turkey. 

Industry sector: C - Verarbeitendes Gewerbe/Herstellung von Waren

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 21.10.2022.

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 22.10.2022 .

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