ALERTS : MERGER - TAKEOVER - FAILURE TO NOTIFY

Failure to notify : The French Minister of Economy imposes a symbolic fine for failure to notify a merger before it is completed (SNCF Participations / Novatrans)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On the other hand, the Minister's order of 28 January 2008 relating to the absence of notification of a concentration consisting of the takeover of Novatrans by SNCF Participations (C2007-99) deserves particular attention. In this case, SNCF had increased its shareholding in Novatrans to the point where it held a majority shareholding in terms of capital and voting rights, in favour of two series of successive acquisitions, the first of which was made between October 19 and October 30, 2009. and 27 November 2006 with seven road shareholders allowing it to increase its stake in Novatrans from 38.63% to 49.02%, and that the second series of acquisitions made

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

  • L’actu-concurrence (Paris)

Quotation

Alain Ronzano, Failure to notify : The French Minister of Economy imposes a symbolic fine for failure to notify a merger before it is completed (SNCF Participations / Novatrans) , 28 February 2008, Concurrences N° 2-2008, Art. N° 64487, www.concurrences.com

Visites 115

All reviews