The Hungarian Competition Office authorises a concentration through acquisition of minority shareholding with detailed reasoning on de facto control (Renault/Nissan)

The HCO initiated an investigation at the request of Renault S.A. ("Renault") for approval of the concentration of Renault and Nissan Motor Co. ("Nissan"). Renault and Nissan entered into an agreement pursuant to which Renault acquired a shareholding representing 36.8 per cent of the share capital of Nissan by means of share purchase and capital increase, and had the right to delegate three members to the ten member board of directors of Nissan. Simultaneously, Renault and Nissan concluded another agreement pursuant to which Renault acquired a shareholding representing 22.5 per cent of the share capital of Nissan Diesel Motor Co. ("Nissan

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Authors

  • Lakatos, Köves & Partners (Budapest)
  • Lakatos, Köves & Partners (Budapest)
  • Kinstellar (Budapest)

Quotation

Ádám Máttyus, Eszter Ritter, Dorottya Kereszty, The Hungarian Competition Office authorises a concentration through acquisition of minority shareholding with detailed reasoning on de facto control (Renault/Nissan), 31 August 1999, e-Competitions Bulletin Automobile, Art. N° 21354

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