KONČAR - Electrical Industry Inc. for manufacturing and services

Fallerovo šetalište 22, 10000 Zagreb

Security: KOEI-R-A

ISIN: HRKOEIRA0009

LEI: 74780000H0SHMRAW0I15

Home Member State: Croatia

Regulated market segment: Official market of the Zagreb Stock Exchange

Zagreb, 11. April 2024.

Subject: Decision on compatibility of concentration issued by Croatian Competition Agency

The Competition Council (hereinafter: the "Council") assessed the complete notification of an intended concentration of the undertaking KONČAR - Ulaganja d.o.o., with its headquarters in Zagreb, Fallerovo šetalište 22, in relation to the undertaking Napredna energetska rješenja d.o.o. with its registered office in Zagreb, Fallerovo šetalište 22 and over the undertaking Dalekovod d.d., with its registered office in Zagreb, Marijana Čavića 4, within the meaning of the provisions of Article 15, Paragraph 1, Point 2 of the Competition Law ("Official Gazette", No. 79/09 ., 80/13, 41/21 and 155/23, hereinafter: "ZZTN").

At the meeting held on 8 April 2024, based on the complete notification of the concentration of the undertaking within the meaning of Article 20 of the ZZTN, the established structure of the relevant market with regard to existing potential competitors, the post-concentration market share of the participants in the concentration, the expected effects of the concentration in terms of benefits for the consumer and other available information and knowledge, the Council assessed that it can be reasonably assumed that the specific case is not a prohibited concentration within the meaning of Article 16 of the ZZTN. Therefore, the Croatian Competition Agency (hereinafter: "AZTN") will not make a conclusion on the initiation of the concentration assessment procedure, within the meaning of Article 22, Paragraph 3 and Article 39 of the ZZTN. Following the above, AZTN confirmed that the reported concentration, in accordance with Article 22, paragraph 1 of the ZZTN, is considered permissible at the 1st level.

KONČAR Inc. will continue to timely inform the investment community on all the important facts related to the process of acquiring the remaining ownership share in the company Napredna energetska rješenja d.o.o. that could affect KONČAR Group's operations.

KONČAR Inc.

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Koncar - elektroindustrija dd published this content on 11 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 April 2024 13:40:04 UTC.