CASE COMMENT : MERGERS - HORIZONTAL MERGER - DE FACTO EXCLUSIVE CONTROL- FAILURE TO NOTIFY A CONCENTRATION

Failure of notification: The French Minister of economics has imposed a moderate fine to the SNCF Participations for failure of notification (SNCF Participations/Novatrans)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. Min. Eco, decree, 28 January 2008, SNCF Participations / Novatrans, aff. C2007-99, BOCCRF n° 2 bis of 28 February 2008 By order of 28 January 2008, the Minister for the Economy imposed on SNCF Participations (hereinafter 'SNCF P'), a subsidiary of the SNCF group, a fine of EUR 250 000 for having carried out a concentration consisting of the acquisition of sole control of Novatrans, a company active in the goods transport sector, without having notified it in advance. Through two successive series of acquisitions made at the end of 2006, SNCF P increased its capital holding in Novatrans from a 38.63% stake to a majority stake in terms of capital and

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Authors

  • Freshfields Bruckhaus Deringer (Paris)
  • Freshfields Bruckhaus Deringer (Paris)

Quotation

Jérôme Philippe, Aude Guyon, Failure of notification: The French Minister of economics has imposed a moderate fine to the SNCF Participations for failure of notification (SNCF Participations/Novatrans), 28 January 2008, Concurrences N° 2-2008, Art. N° 16957, pp. 132-133

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