Prior notification of a concentration (Case M.12472 – STRABAG / ABERDEEN / MAK) – Candidate case for simplified procedure
Date: 2026-07-22
Institutions: Directorate-General for Competition, European Commission
Subjects: Hungary, building industry, economic concentration, investment company, merger control, motorway, road services department, service concession








C_202603964EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2026/3964


22.7.2026






Prior notification of a concentration
(Case M.12472 – STRABAG / ABERDEEN / MAK)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2026/3964)


1.   
On 13 July 2026, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


Strabag AG (‘Strabag’, Austria), controlled by Strabag SE (Austria, and together with its controlled subsidiaries, the ‘Strabag Group’),










—


abrdn Investments Limited (‘Aberdeen’, Netherlands), controlled by Aberdeen Group plc (United Kingdom, and together with its controlled subsidiaries, the ‘Aberdeen Group’),










—


MAK Mecsek Autópálya Koncessziós Zártkörűen Működő Részvénytársaság (‘MAK’, Hungary), currently solely controlled by Strabag.




Strabag and Aberdeen will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of MAK.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are the following:






—


Strabag, part of the Strabag Group, is an international construction company. Strabag Group’s principal activities are (i) construction and civil engineering (road construction, railway construction, tunnelling), (ii) building construction and real estate development, (iii) specialised engineering and infrastructure projects, and (iv) environmental and industrial services,










—


Aberdeen is part of the Aberdeen Group. It is a regulated investment manager that acts as an investment manager or advisor to a number of Aberdeen’s funds. The group provides a broad range of investment, wealth management and financial planning services to institutional, wholesale, intermediary and retail clients globally. The group operates internationally, with investment professionals and offices across major financial centres worldwide and clients in approximately 80 countries.






3.   

The business activities of MAK are the following: special purpose concession company whose activities are limited to the operation of a section of the M6 motorway in Hungary under a concession agreement.



4.   
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.
Pursuant to the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (2), it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.


5.   
The Commission invites interested third parties to submit their possible observations on the proposed concentration to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.12472 – STRABAG / ABERDEEN / MAK
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu

Postal address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË







(1)  
            OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  
            OJ C 160, 5.5.2023, p. 1.


ELI: http://data.europa.eu/eli/C/2026/3964/oj
ISSN 1977-091X (electronic edition)