Clearance - Commitments: The French Ministry of the Economy clears a merger in the building materials sector once commitments have been proposed (Point P/Pum Plastiques)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On December 24, 2003, the Minister authorized Point P to take control of of Pum Plastiques SA, a company specialising in the trading of plastic piping (pipes and fittings). This operation involves after four other acquisitions, by the subsidiary Compagnie Saint Gobain, generalist materials trading companies and/or specialists. As in two of these reconciliations, the authorization of the Minister was only granted subject to undertakings. Clearly, Saint Gobain did not want the present operation to be subject to the a thorough review in Phase II. At the end of Phase I, while the the Minister's office had only arrived at a fairly accurate assessment of the