REVISION OF THE MERGER GUIDELINES: CONSOLIDATION OF THE FOUR YEARS’ EXPERIENCE IN MERGER CONTROL
Bruno Lasserre (Chairman of the Competition Authority)
Balance sheet: a few figures
Since the creation of the Competition Authority, three figures reflect its sustained and proportionate intervention in the field of mergers:
- the significant figure of 773 merger decisions.
- the 4.1% rate of interventions with commitments or injunctions, which is not a significant rate, especially as no refusal decision has been adopted since 2009.
- nearly 50% of simplified decisions in 2012.
The revision project
The guidelines (ld) were revised following a participatory procedure which resulted in the publication of a first draft, followed by a public consultation, at the end of which various opinions were expressed, some of which were followed by the authority, and a public round table.
There are three of them: