Notification of Concentration
In terms of regulation 5(4) of the Control of Concentrations Regulations, 2002 published in Legal Notice 294 of 2002, the Director General of the Office for Competition notifies for general information that a notification of a concentration between Joinwell Limited (Qormi, Malta) and FXB Investments Limited (Xewkija, Malta), was filed on Wednesday, 19 April 2023.
The nature of the concentration is a merger between Joinwell Limited and the shares held by FXB Investments Limited in its three undertakings: (i) F.X. Borg Furniture Limited (ii) Econetique Limited; and (iii) The Bath Concept Limited, into a newly created limited liability company in Malta.
Joinwell Limited, is a limited liability company incorporated in Malta founded in 1947. Joinwell Limited imports various brands of furniture from Europe mainly retailing kitchens, bedrooms and bespoke manufacturing. FXB Investments Limited, was incorporated in 1970 and is a Maltese furniture group involved in the manufacturing and retailing of domestic and contract furniture. Apart from furniture, the FXB Group also includes Econetique, the renewable energy company and Bath Concept Ltd with its trademark WaterArt.
The Director General of the Office for Competition invites interested third parties to submit their written objections on this notified concentration within seven days following publication of this notice at the following address:
Malta Competition and Consumer Affairs Authority
Office for Competition
Mizzi House
National Road
Blata l-Bajda, HMR 9010
Malta