Brussels, 24 July 2023
The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by PORR Umwelttechnik GmbH (‘PORR’), Saint-Gobain Austria GmbH (‘Rigips’) and Saubermacher Bau Recycling und Entsorgung GmbH (‘Saubermacher’), all of Austria.
The joint venture will build and operate a new gypsum recycling plant in Austria. PORR is a subsidiary of the PORR Group, which is active in the construction sector. Rigips is part of the Saint-Gobain Group, which produces innovative materials and construction products. Saubermacher provides construction waste services. It is part of the Saubermacher Group, which provides a range of services along the waste value chain, from collection and treatment to recycling and disposal.
The Commission concluded that the proposed transaction would raise no competition concerns, given that the joint venture has negligible actual and foreseen activities in the European Economic Area. The transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11135.
Source – EU Commission