by Martina Maier, Philipp Werner and Robert Bäuerle
The German Federal Cartel Office (FCO) has imposed an administrative fine for the submission of incomplete information in a merger notification. The missing information concerned details about shareholdings essential for the competitive assessment analysis. The shareholdings belong to a private individual who controlled the notifying party. Companies and their shareholders required to submit notifications should be aware that the omission of information in merger notifications before the FCO can result in fines not only for the notifying company but also for the company(ies) and individual(s) controlling it.
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