Market shares: The French Minister of Economy authorises a concentration with very high market shares in Phase I with conditions (Delachaux/Pandrol)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. – Min. Éco, October 22, 2003, Delachaux / Pandrol, aff. C2003-161 Nothing is ever lost: even when the market shares of the new entity are very high, a dynamic approach to the market supplemented by commitments sometimes makes it possible to obtain an authorisation in the first phase. The takeover of Pandrol by Delachaux reduced the number of significant operators in the European market for rail fastening systems from three to two and allocated around 65% of this market to the new entity. By adopting a narrower market definition, i.e. that of so-called NABLA-type fasteners in France, the