CASE COMMENT: MERGERS - INDIRECT CHANGE OF CONTROL - DE FACTO CONTROL

Change of control : The French Minister of Economy holds that a shift from joint control to sole control in the absence of any change in the shareholding is only due to a change in the control over another joint-venture owned by the same parent companies (Adrexo)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. – Min. Eco, 11 August 2008, S3G, aff. C2008-40, BOCCRF No. 8 bis of 23 October 2008 By decision of 11 August 2008, the Minister authorised, in the press sector, the acquisition by the company Adrexo, a subsidiary of the Spir Communication group (Spir), from the Société des Gratuits de Guyenne et Gasconne (S3G) of its stake in the capital of the company Adrexo Sud Ouest (ASO), one of the two full-function joint ventures created in 2006 by Spir and S3G. The 2006 transaction was part of the merger of Spir er S3G's main activities. On May 31, 2006, the Minister had given conditional authorization for the merger of the assets of the Spir and S3G groups in the

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  • Freshfields Bruckhaus Deringer (Paris)

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Jérôme Philippe, Change of control : The French Minister of Economy holds that a shift from joint control to sole control in the absence of any change in the shareholding is only due to a change in the control over another joint-venture owned by the same parent companies (Adrexo), 11 August 2008, Concurrences N° 1-2009, Art. N° 23448, pp. 137-139

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