CASE COMMENTS: MERGERS – FRANCE – SUSPENSIVE EFFECT – DEROGATION – INSOLVENCY PROCEDURE

Suspensive effect: The French Competition Authority grants a derogation to the suspensive effect of merger control for the acquisitions of a salted sausage business on the one hand and of certain assets in the ready-cooked meals sector on the other hand, in the context of an insolvency procedure, the former having been authorised and the latter having been subject to the opening of an in-depth investigation (Financière Turenne Lafayette - Cooperl Arc Atlantique ; William Saurin)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. Following financial difficulties, the Financière Turenne Lafayette (FTL) group (Madrange and Paul Prédault brands in the cured meats sector, and William Saurin, Panzani and Garbit in the ready meals sector) was subject to receivership proceedings before the Paris Commercial Court. The court approved the takeover of the Group's cured meats business by the Breton agricultural cooperative Cooperl Arc Atlantique and the takeover of

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Authors

  • Herbert Smith Freehills (Paris)
  • Herbert Smith Freehills (Paris)
  • Herbert Smith Freehills (Paris)

Quotation

Alexis Baudelin, Sergio Sorinas, Marie Louvet, Suspensive effect: The French Competition Authority grants a derogation to the suspensive effect of merger control for the acquisitions of a salted sausage business on the one hand and of certain assets in the ready-cooked meals sector on the other hand, in the context of an insolvency procedure, the former having been authorised and the latter having been subject to the opening of an in-depth investigation (Financière Turenne Lafayette - Cooperl Arc Atlantique ; William Saurin), 20 October 2017, Concurrences N° 1-2018, Art. N° 86227, pp. 127-128

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