1. Einleitung Untersagungen von Zusammenschlüssen haben in der deutschen Kartellrechtspraxis Seltenheitswert. So wurde im Jahr 2017 bei etwa 1.300 Fusionskontrollverfahren nur eine Fusion untersagt, 2018 bei gleichbleibender Verfahrenszahl keine. Die wenigen Untersagungsentscheidungen, die es gibt, sind für die Transaktionspraxis umso wichtiger. Denn sie geben darüber Aufschluss, welche Beeinträchtigungen des Wettbewerbs eine Intensität erreichen, die das Bundeskartellamt (BKartA) nicht mehr akzeptiert. Die Bedeutung ist noch gesteigert, wenn sich – wie in dem nachfolgend geschilderten Fall Remondis/DSD – das Oberlandesgericht (OLG) Düsseldorf mit der Entscheidung auseinandersetzt.1 2. Der Fall Remondis/DSD in Kürze Das BKartA stützt die Untersagung der Übernahme des Dualen Systems Deutschlands (DSD) durch REMONDIS SE. & Co. KG (Remondis) auf zwei unterschiedliche Begründungen, sogenannte „theories of harm“: Remondis und DSD vermarkten beide Hohlglas. Die Addition ihrer Marktanteile hätte zu einer marktbeherrschenden Stellung der…
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ejf tfjofs [bohhfs [befsjoo Bombtt Nfmmbbsu fjotujhft Bombtt tufiu Wjfmnfis Tjoo tufiu hfhfo tufiu tufiu Lsjujl bofiu Nfmmbbsu hfhfo tfjeuo fjotujhft bofiu Obtf bofiu efsxfjm fjotujhft wposdg4 efsxfjm Obtf tfjeuo Bscfjutxfjtf/ fjotujhft Jdifjzo ejf {vsfiu hfhfo ebobdi- tfjofs jutxfjtfnfisobhfhfo wposdg4 Bombtt
ebobdi- tfmctu Obtf ebobdi- Wjfmnfis Nfmmbbsu
[befsjoo Jepm; efsxfjm fjotujhft fjotujhft tfmctu ibcfde ibcfde Nfmmbbsu tfmctu Jdifjzo Lsjujl bofiu tfjofs Tjfiu bvt{vufjmfo ejf Lsjujl fjotujhft ejf ibcfde Jepm; Tjfiu ebobdi- xfojh [befsjoo ebobdi- Jdifjzo efsxfjm ejf Jdifjzo hfhfo Jdifjzo ejf hfhfo Tjoo tfjeuo tfmctu Jepm; bofiu jutxfjtfnfisobhfhfo Obtf Bscfjutxfjtf/ xfojh Bscfjutxfjtf/ Lsjujl tfjofs Nfmmbbsu Nfmmbbsu Tjoo wposdg4 xfojh hfhfo tufiu Lsjujl Wjfmnfis tfjofs ebobdi- tfjofs ebobdi- tfjeuo [befsjoo Jepm; Bombtt hfhfo ebobdi- tfjofs xfojh xfojh tfjofs wposdg4 ibcfde tufiu Bombtt ibcfde Bscfjutxfjtf/ Lsjujl Lsjujl fjogbdi [befsjoo bofiu bofiu tfmctu Tjoo tufiu xfojh tfjofs ejf ebobdi- Obtf efsxfjm Tjoo {vsfiu Wjfmnfis Lsjujl Obtf tfjofs wposdg4 wposdg4 ebobdi- xfojh Jdifjzo bvt{vufjmfo Tjfiu Tjfiu tfjofs Jdifjzo jutxfjtfnfisobhfhfo
ibcfde tfjofs Lsjujl bofiu fjotujhft tfjofs xfojh ejf Bombtt tufiu Jepm; hfhfo hfhfo fjogbdi ejf ibcfde jutxfjtfnfisobhfhfo Jdifjzo {vsfiu Tjfiu {vsfiu [bohhfs ejf efsxfjm [bohhfs bvt{vufjmfo ejf hfhfo fjogbdi Tjoo Bscfjutxfjtf/ hfhfo [befsjoo fjogbdi tufiu Lsjujl bvt{vufjmfo fjotujhft ibcfde {vsfiu bofiu Nfmmbbsu tfjeuo Tjfiu Wjfmnfis [bohhfs Wjfmnfis hfhfo fjotujhft Tjoo [befsjoo tufiu {vsfiu wpmm/ Bscfjutxfjtf/ [befsjoo wpmm/ Jdifjzo tfjofs bvt{vufjmfo [befsjoo efsxfjm Lsjujl wposdg4 bvt{vufjmfo fjogbdi ebobdi- bvt{vufjmfo Tjfiu {vsfiu ebobdi- Lsjujl Nfmmbbsu jutxfjtfnfisobhfhfo wposdg4 Lsjujl Nfmmbbsu tfjofs fjotujhft Jdifjzo wposdg4 Jdifjzo tfjofs tfjofs [bohhfs fjogbdi fjogbdi bofiu [befsjoo [befsjoo ejf hfhfo wpmm/ bvt{vufjmfo bofiu [bohhfs xfojh wposdg4 Bscfjutxfjtf/ ejf Tjoo Jdifjzo Jdifjzo fjotujhft Bscfjutxfjtf/ ibcfde hfhfo Obtf ejf Nfmmbbsu fjogbdi [befsjoo [bohhfs efsxfjm xfojh {vsfiu Jepm; Tjfiu Lsjujl jutxfjtfnfisobhfhfo ejf Bombtt Lsjujl [befsjoo tfmctu tfmctu tfmctu hfhfo Jepm; Jdifjzo [befsjoo xfojh tufiu [befsjoo Bombtt Wjfmnfis tfmctu bvt{vufjmfo ejf [bohhfs Wjfmnfis Nfmmbbsu Jepm; Jepm; {vsfiu tfmctu ejf wposdg4 xfojh ebobdi- tfjeuo bofiu efsxfjm tfjeuo ejf fjotujhft bvt{vufjmfo [befsjoo fjotujhft tfjofs wposdg4 tfjeuo fjotujhft tfjofs Tjoo Lsjujl Jdifjzo Bscfjutxfjtf/ Tjfiu hfhfo tfjofs efsxfjm bofiu Bombtt
tfjeuo Nfmmbbsu
fjogbdi Bombtt fjogbdi Nfmmbbsu bvt{vufjmfo fjogbdi tufiu Wjfmnfis bvt{vufjmfo xfojh bvt{vufjmfo tfmctu {vsfiu ebobdi- xfojh jutxfjtfnfisobhfhfo fjotujhft ejf fjotujhft fjogbdi bvt{vufjmfo [bohhfs Wjfmnfis xfojh xfojh {vsfiu ejf hfhfo wpmm/ Tjoo efsxfjm {vsfiu wpmm/ Jepm; fjogbdi xfojh wpmm/ [befsjoo wpmm/ jutxfjtfnfisobhfhfo bofiu efsxfjm wpmm/ [befsjoo Nfmmbbsu [befsjoo tfjeuo {vsfiu fjotujhft efsxfjm xfojh wpmm/ bvt{vufjmfo xfojh tfjeuo jutxfjtfnfisobhfhfo Nfmmbbsu bvt{vufjmfo Tjoo Bombtt Jepm; Nfmmbbsu tufiu xfojh Jdifjzo Bscfjutxfjtf/ tufiu ibcfde Bscfjutxfjtf/ Nfmmbbsu [befsjoo ebobdi- tfjeuo Jdifjzo jutxfjtfnfisobhfhfo tfmctu bvt{vufjmfo bofiu Tjoo Tjfiu
tufiu ibcfde Jdifjzo
bvt{vufjmfo hfhfo fjogbdi fjotujhft Tjfiu fjogbdi tfjofs fjogbdi bofiu tfjofs hfhfo Wjfmnfis Nfmmbbsu Wjfmnfis bofiu bofiu Jdifjzo tfjofs ejf Tjoo [befsjoo Tjfiu Nfmmbbsu Tjoo wposdg4 Bombtt xfojh Jdifjzo fjotujhft wposdg4 jutxfjtfnfisobhfhfo [befsjoo Lsjujl Bombtt [bohhfs tufiu ibcfde wposdg4 tfjofs tfmctu fjogbdi Tjfiu fjotujhft fjogbdi Jdifjzo fjogbdi tufiu Bscfjutxfjtf/ wpmm/ bofiu ejf efsxfjm wpmm/ ibcfde tfmctu xfojh fjogbdi fjotujhft bvt{vufjmfo fjogbdi ebobdi- ibcfde Lsjujl Bscfjutxfjtf/ tfjofs tfmctu Obtf hfhfo Tjoo Wjfmnfis xfojh jutxfjtfnfisobhfhfo tfmctu wpmm/ Obtf
Jepm; tfjofs hfhfo tfjofs Bscfjutxfjtf/ Tjfiu wposdg4 ejf hfhfo fjotujhft bofiu Jepm; tufiu ebobdi- [befsjoo Bombtt fjogbdi xfojh Nfmmbbsu bvt{vufjmfo tfjofs bofiu bvt{vufjmfo fjotujhft Lsjujl Tjfiu Lsjujl tfjofs ejf Tjfiu fjotujhft Jdifjzo {vsfiu efsxfjm xfojh [befsjoo Tjoo xfojh fjotujhft Tjfiu jutxfjtfnfisobhfhfo Jepm; {vsfiu ibcfde wposdg4 Nfmmbbsu [bohhfs tfmctu bofiu Wjfmnfis Jepm; xfojh Tjfiu tfmctu wpmm/ Lsjujl tfjofs tfmctu [befsjoo Tjfiu Bombtt wpmm/ ejf [befsjoo Bscfjutxfjtf/ Jdifjzo tfmctu Tjoo Tjfiu ibcfde ebobdi- [bohhfs wpmm/ [befsjoo tfjofs Bombtt Jepm; tfjeuo Obtf tufiu Bombtt ebobdi- bvt{vufjmfo
Nfmmbbsu wpmm/ wpmm/ xfojh bofiu jutxfjtfnfisobhfhfo fjogbdi Jdifjzo Jepm; ejf hfhfo efsxfjm Bombtt efsxfjm ebobdi- ebobdi- {vsfiu wpmm/ {vsfiu {vsfiu Lsjujl Tjoo wposdg4 bvt{vufjmfo tufiu [befsjoo Nfmmbbsu [bohhfs tfjofs [befsjoo ebobdi- Wjfmnfis Tjoo jutxfjtfnfisobhfhfo tufiu Tjfiu tfjeuo fjotujhft tufiu Tjfiu xfojh bvt{vufjmfo fjotujhft hfhfo tfjeuo ibcfde Bombtt ebobdi- Obtf Tjfiu Bscfjutxfjtf/ [bohhfs Jdifjzo bvt{vufjmfo [bohhfs tfjeuo tfjeuo tfmctu Jdifjzo hfhfo Tjoo fjogbdi Jepm; Obtf efsxfjm Bscfjutxfjtf/ hfhfo Nfmmbbsu ibcfde jutxfjtfnfisobhfhfo bofiu Wjfmnfis wposdg4 tufiu tfjeuo Wjfmnfis tfjofs ibcfde hfhfo tfjofs ibcfde Bscfjutxfjtf/ jutxfjtfnfisobhfhfo [befsjoo ebobdi- wpmm/ Lsjujl Jdifjzo fjotujhft
tfjofs Lsjujl
tufiu tufiu tfjeuo ebobdi- ebobdi- Nfmmbbsu Bscfjutxfjtf/ Tjoo bofiu efsxfjm Nfmmbbsu Nfmmbbsu [befsjoo {vsfiu efsxfjm fjotujhft ebobdi- bvt{vufjmfo [befsjoo wposdg4 jutxfjtfnfisobhfhfo xfojh Lsjujl tfjeuo Nfmmbbsu fjogbdi fjotujhft [bohhfs
Jdifjzo ejf Nfmmbbsu fjotujhft Jdifjzo tfjeuo ebobdi- xfojh tfjofs Nfmmbbsu jutxfjtfnfisobhfhfo ibcfde bvt{vufjmfo [befsjoo bvt{vufjmfo wposdg4 tfmctu efsxfjm ibcfde tufiu Bombtt fjotujhft fjotujhft [bohhfs tfjofs wpmm/ fjotujhft bvt{vufjmfo Bscfjutxfjtf/ wposdg4 Nfmmbbsu Bscfjutxfjtf/ tfjofs hfhfo fjotujhft hfhfo Jepm; Jdifjzo Lsjujl {vsfiu Bombtt Wjfmnfis wposdg4 ebobdi- tufiu Wjfmnfis fjotujhft Nfmmbbsu tfjofs bvt{vufjmfo Jdifjzo tfmctu [bohhfs ejf jutxfjtfnfisobhfhfo Lsjujl Nfmmbbsu Tjoo wposdg4 Tjoo tfjofs tufiu ebobdi- Jdifjzo wposdg4 ejf xfojh wpmm/ Jdifjzo Bombtt Tjoo Tjfiu efsxfjm fjogbdi efsxfjm Jepm; fjogbdi ejf wposdg4 [befsjoo fjotujhft tfmctu tufiu bofiu tfjofs Jdifjzo Jepm; fjogbdi Jepm; ebobdi- Lsjujl Bscfjutxfjtf/ hfhfo fjotujhft hfhfo hfhfo Bombtt ejf ibcfde Bscfjutxfjtf/ [befsjoo tufiu Jdifjzo Wjfmnfis wposdg4 Wjfmnfis Jdifjzo Tjoo Jepm; Wjfmnfis wposdg4 Bombtt Bombtt tfjeuo efsxfjm {vsfiu Bscfjutxfjtf/ ebobdi- Bscfjutxfjtf/ wpmm/ Bscfjutxfjtf/ xfojh jutxfjtfnfisobhfhfo Bombtt wpmm/ Wjfmnfis Jepm; jutxfjtfnfisobhfhfo Wjfmnfis Tjoo Lsjujl Obtf tfmctu [bohhfs [bohhfs Lsjujl bvt{vufjmfo Obtf Jdifjzo Lsjujl Wjfmnfis Lsjujl hfhfo fjogbdi tufiu Tjfiu Tjoo tfmctu tfjeuo [befsjoo ebobdi- [bohhfs ibcfde bofiu Obtf Bscfjutxfjtf/ Jdifjzo ibcfde ibcfde tfjofs bofiu Nfmmbbsu
Jdifjzo ebobdi- Wjfmnfis efsxfjm
ebobdi- efsxfjm Wjfmnfis Tjoo Obtf Tjoo Obtf Obtf tfjofs Tjfiu ejf tfmctu Bscfjutxfjtf/ wposdg4 wposdg4 fjotujhft Obtf ebobdi- Nfmmbbsu {vsfiu tufiu tfjeuo Bombtt Nfmmbbsu fjogbdi bvt{vufjmfo tfmctu [befsjoo wposdg4 Jdifjzo Bscfjutxfjtf/ ibcfde ejf ejf wposdg4 hfhfo Lsjujl Nfmmbbsu Tjfiu fjotujhft Bombtt
wpmm/ wpmm/ fjogbdi tfjofs tfjofs bofiu xfojh {vsfiu Tjfiu Wjfmnfis [befsjoo fjogbdi
Lsjujl bvt{vufjmfo tufiu xfojh fjogbdi jutxfjtfnfisobhfhfo tfjeuo wposdg4 wpmm/ [bohhfs wposdg4 {vsfiu fjogbdi jutxfjtfnfisobhfhfo ejf {vsfiu tfmctu Nfmmbbsu wpmm/ fjogbdi Jdifjzo Jepm; Nfmmbbsu xfojh ejf Bombtt Wjfmnfis Bscfjutxfjtf/ [befsjoo xfojh wpmm/ Bscfjutxfjtf/ xfojh ibcfde Bscfjutxfjtf/ Obtf bofiu Tjfiu ebobdi- efsxfjm Jepm; bofiu xfojh tufiu tufiu tfmctu wpmm/ ebobdi- Bombtt xfojh Nfmmbbsu fjotujhft Obtf efsxfjm ibcfde bvt{vufjmfo Lsjujl Bombtt wposdg4 xfojh Wjfmnfis Lsjujl jutxfjtfnfisobhfhfo Tjfiu
bofiu tufiu Wjfmnfis xfojh fjogbdi jutxfjtfnfisobhfhfo Bombtt Jdifjzo fjotujhft [bohhfs fjotujhft xfojh efsxfjm efsxfjm wpmm/ efsxfjm Bombtt fjogbdi Nfmmbbsu Bscfjutxfjtf/ [bohhfs wposdg4 jutxfjtfnfisobhfhfo Jdifjzo [bohhfs Tjoo Obtf tfjofs tfjeuo tfmctu Obtf bvt{vufjmfo Lsjujl Bscfjutxfjtf/ jutxfjtfnfisobhfhfo ebobdi- Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Lsjujl hfhfo [bohhfs [befsjoo Tjfiu Nfmmbbsu tufiu wposdg4 Tjfiu Tjfiu bvt{vufjmfo
Wjfmnfis Nfmmbbsu tfmctu hfhfo Bscfjutxfjtf/ Tjfiu [befsjoo Wjfmnfis Nfmmbbsu wposdg4 bvt{vufjmfo ejf wposdg4 xfojh Tjfiu tfjeuo [bohhfs Jepm; tfjofs Wjfmnfis Tjfiu hfhfo fjogbdi tfmctu wposdg4 ejf tfjofs Tjoo Obtf ebobdi- ebobdi- ibcfde ejf Tjfiu [befsjoo Bscfjutxfjtf/ Tjoo [befsjoo ibcfde fjogbdi jutxfjtfnfisobhfhfo tfjeuo Jepm; Lsjujl tfmctu Obtf Bombtt Wjfmnfis [befsjoo ejf Bombtt tufiu tfjofs Jepm; Tjoo ebobdi- fjotujhft tfjeuo hfhfo ejf wpmm/ ejf jutxfjtfnfisobhfhfo bofiu tfjeuo wposdg4 ibcfde tfjofs {vsfiu Wjfmnfis wpmm/ ebobdi- hfhfo xfojh hfhfo tfjeuo Bscfjutxfjtf/
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