{"id":23759,"date":"2018-03-13T08:21:45","date_gmt":"2018-03-13T07:21:45","guid":{"rendered":"http:\/\/modern-wilderness.flywheelsites.com\/?p=23759"},"modified":"2018-06-12T08:14:25","modified_gmt":"2018-06-12T06:14:25","slug":"austrian-competition-authority-needs-extra-two-weeks-for-the-hali-svoboda-acquisition","status":"publish","type":"post","link":"https:\/\/officerepublic.news\/en\/2018\/03\/austrian-competition-authority-needs-extra-two-weeks-for-the-hali-svoboda-acquisition\/","title":{"rendered":"Austrian Competition Authority needs extra two weeks for the Hali\/Svoboda acquisition"},"content":{"rendered":"
The Austrian competition authority needs two additional weeks to assess the takeover of Hali and Svoboda by the Bene and Neud\u00f6rfler consortium.<\/strong><\/p>\n In a message on its website<\/a><\/span>, the authority writes that in the past four weeks information has been obtained from 300 end users and 172 competitors at home and abroad. 82% of end-users and 63.4% of competitors responded to these requests. In addition, the BWB held extensive discussions with the parties involved.<\/p>\n During these discussions, various matters relating to production locations, employees, brand strategies and market shares were discussed, which have to be validated again by the BWB. At the request of the parties, the BWB will extend the investigation by 2 weeks to 26 March 2018.<\/p>\n Although the BWB looks at the market concentration within Austria, Grossnigg, owner of Bene and Neud\u00f6rfler, believes that the competition authority should look at the market in Europe as a whole: “We have a minimal market share in the European office furniture market,<\/em>” he says. In addition, Grossnigg claims that the new combination has a market share of only 25% in Austria<\/a><\/span>, where the BWB counts on the basis of other reports and assumptions with a market share of 70%.<\/p>\nDifferent views<\/h4>\n