Calculation of the fine : The Court of Justice of the European Union rejects the appeal against a judgment of the General Court that upheld a Commission’s decision imposing a €20 million fine on an undertaking for acquiring de facto control over a French electricity operator without having sought prior approval (Electrabel)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. It may be recalled that on 12 December 2012, the Court of First Instance confirmed the Commission's decision imposing a fine of €20 million on Electrabel for having acquired sole control of Compagnie Nationale du Rhône (CNR) without prior authorisation from the Commission. For the record, it will suffice to recall that on 23 December 2003 Electrabel bought out EDF's shareholding in CNR, thus becoming CNR's main shareholder with 49,95 % of the capital and 47,92 % of the voting rights. On 9 August 2007, Electrabel asked the Commission for its opinion on the existence of possible de facto control over CNR. As the Commission concluded that such control had been