CASE COMMENTS: MERGER CONTROL – CREATION OF A JOINT VENTURE – THREE TRANSACTIONS AND ONE MERGER – JOINT CONTROL – REVIEW OF THE HORIZONTAL AND VERTICAL EFFECTS OF THE MERGER – UNCONDITIONAL AUTHORIZATION
Horizontal and vertical effects: The European Commission unconditionally clears a joint venture in the retail business in airports (Aelia/Aéroports de Paris/JV)
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Eur. Comm, dec. art. 6, §1 (b), Reg. 139/2004, 20 October 2011, Aelia/Aéroports de Paris/JV, case COMP/M.6263
On 20 October 2011, the European Commission gave the go-ahead for the creation of a joint venture between Aelia (controlled by the Lagardère Group) and Aéroports de Paris ("ADP") for the operation of retail outlets in airports. The parties had already pooled some of their activities relating to retail sales in reserved airport areas in 2003 (Eur. Comm., 17 March 2003, Aéroports de Paris v. Aelia, Case COMP/M.3112). Through this new operation, the two companies combine most of the activities they previously carried out through various subsidiaries.
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