The EU Commission fines Belgian electricity undertaking for infringing the standstill obligation under Merger proceedings (Electrabel / CNR)

"Electrabel/CNR: the importance of the standstill obligation in merger proceedings"* On 26 March 2008, Electrabel SA (“Electrabel”), a Belgian electricity company which is part of the French group, Suez (now GDF Suez), notified to the Commission a concentration consisting in the acquisition of de facto sole control over Compagnie Nationale du Rhône (“CNR”), the second largest electricity operator in France. On 29 April 2008, the Commission cleared this concentration, as it did not raise any competition concerns. In this decision, the Commission left open the exact date on which Electrabel had acquired control over CNR, as that element had no impact on the competitive assessment in the case. One year later, in a decision of 10 June 2009 concluding proceedings initiated under Article 14

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Authors

  • New Horizon Partners (Paris)
  • DG COMP (Brussels)
  • Wilson, Sonsini, Goodrich & Rosati (Brussels)
  • Directions régionales des entreprises, de la concurrence, de la consommation, du travail et de l’emploi (Direccte)

Quotation

Bruno Alomar, Sophie Moonen, Gorka Navea, Philippe Redondo, The EU Commission fines Belgian electricity undertaking for infringing the standstill obligation under Merger proceedings (Electrabel / CNR), 10 June 2009, e-Competitions Bulletin Energy & Mergers, Art. N° 35017

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