The French Minister of the Economy clarifies his position on the risk of coordination by parent companies while clearing his first transaction in the banking sector (NatIxis)

Summary The NatIxis case was the first decision by the French Minister of the Economy on an important merger in the banking sector, which was recently included in his area of responsibility. Examination of the proposed merger provided the occasion to apply a national approach to the banking markets in addition to the EC definitions. Moreover, this case was particularly interesting from a theoretical point of view, as it allowed the Minister's decisional practice to be clarified regarding the analysis of the risk of a joint venture's parent companies adopting common competitive behaviour in the market, a practice known as coordination by parent companies. On August 10th, 2006, the French Minister of the Economy, Finance and Industry authorized the formation of a joint venture (“JV”),

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Catherine Boussac, Thomas Piquereau, Jennifer Siroteau, Jérôme Vidal, The French Minister of the Economy clarifies his position on the risk of coordination by parent companies while clearing his first transaction in the banking sector (NatIxis), 10 August 2006, e-Competitions Bulletin Financial services, Art. N° 12605

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