The French Administrative Supreme Court concluded to absence of State aid in case of an open and non-discriminatory tendering privatisation procedure (CIC/SG-BNP-CCF)

French Administrative Supreme Court (Conseil d'État, Assemblée), 18 December 1998, Société Générale, Banque Nationale de Paris, Crédit Commercial de France v. Ministre de l'économie, des finances et de l'industrie, Case n° 197175 http://www.legifrance.gouv.fr/WAspa... The liberalization of the bank sector in the European Union initiated various market restructuring, mergers and privatizations. In the case at hands, the French State decided to transfer to the private sector its majority participation in the bank “Compagnie Financière de C.I.C. et de l'Union européenne”. At the end of a tendering procedure, the “ Banque Fédérative du Crédit Mutuel ” acquired 67% of the “Compagnie Financière” capital. Three private banks, the Société Générale, Banque Nationale de Paris (BNP), Crédit Commercial de France

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  • European Court of Justice (Luxembourg)

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Georges Vallindas, The French Administrative Supreme Court concluded to absence of State aid in case of an open and non-discriminatory tendering privatisation procedure (CIC/SG-BNP-CCF), 18 December 1998, e-Competitions Bulletin December 1998, Art. N° 13364

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