The Service of the Commission for the Protection of Competition announces that is has received a notification in relation with the proposed acquisition of part of the share capital of TransAnt GmbH by T.A.S. Overseas Investments Limited.
T.A.S. Overseas Investments Limited is a limited liability company, duly registered under the laws of the Republic of Cyprus. T.A.S. Overseas Investments Limited is a share holding company, which holds shares in various subsidiary companies mainly in Ukraine. T.A.S. Overseas Investments Limited is part of the TAS Group, which is present in most regions of Ukraine and has business interests that include the following sectors, financial and insurance, real estate, business plans, agriculture and industry.
The Target in the proposed merger is TransAnt GmbH, a limited liability company duly registered under the laws of Austria. The Target is a joint venture formalized at the end of 2020 between the Target, Rail Cargo Austria Aktiengesellschaft and voestalpine Stahl GmbH, with the aim of operating in the rail freight sector. At this stage, the Target does not have any commercial business activity. However, after the completion of this transaction, it is expected to be active in the manufacture, development, supply, sale and leasing of flexible wagons and superstructures for the transportation of goods in the industrial sector.