CASE COMMENTS: MERGERS – FRANCE – BEHAVIOURAL REMEDIES – VERTICAL EFFECTS

Behavioural remedies: The French Competition Authority grants a conditional clearance for the acquisition of a French public bank dedicated to development by the Caisse des dépôts et consignations (Société de financement local / Caisse des dépôts et consignations)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On September 18, 2020, the French Competition Authority (the "Authority") conditionally authorized the acquisition of Société de financement local ("SFIL") by Caisse des dépôts et consignations ("CDC"). CDC, which until then held 20% of SFIL's capital, thus acquired almost all of the capital held by the State (i.e. approximately 75%), with the State retaining one ordinary share, and all of the capital, i.e. 5%, held by La Banque Postale ("LPB"). On this occasion, CDC becomes the new reference shareholder of SFIL, a public development bank created on 1 February 2013 following the liquidation of Dexia, the

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David Tayar, Emily Xueref-Poviac, Behavioural remedies: The French Competition Authority grants a conditional clearance for the acquisition of a French public bank dedicated to development by the Caisse des dépôts et consignations (Société de financement local / Caisse des dépôts et consignations), 21 September 2020, Concurrences N° 4-2020, Art. N° 97600, pp. 174-175

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