CASE COMMENT: MERGERS - CONCEPT OF CONCENTRATION - DATE OF IMPLEMENTATION OF THE MERGER - REMEDIES

Remedies: The French Minister of Economy postpones the implementation of a merger due to remedies agreed upon at the time of a previous transaction (GDF/CGST)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. – Min. Eco, 4 February 2005, GDF / CGST, aff. C2004-180 It is difficult for a competition authority to assess a transaction whose implementation is in practice delayed for several years. This is all the more true when the relevant market is in the process of liberalisation, such as the gas market. GDF's plan to increase its stake in CGST from 20% to 59% was made in a special context. In 2002, during the examination of CGST's acquisition of the Domoservices group, the Minister of the Economy had made the authorisation of this operation conditional on the fulfilment of a certain number of commitments (Letter dated 25 June 2002, CGST / Domoservices). These

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