ALERTS: MERGERS - EUROPEAN UNION - PORTUGAL - NOTIFICATION - GUN JUMPING - FINES

Gun jumping: The General Court of the European Union confirms a gun jumping by recognising the possibility of sanctioning concurrently the absence of notification and the early completion of a concentration (Altice, PT Portugal)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. On 22 September 2021, the General Court of the Union delivered its judgment in case T-425/18 (Altice Europe v. European Commission). It will be recalled that under the terms of a decision adopted on 24 April 2018, the European Commission had imposed a fine of €124.5 million on Altice Europe, based in the Netherlands, for having acquired the Portuguese telecommunications operator PT Portugal, on the one hand, even before the transaction was notified to the Commission and, on the other hand, before the Commission's approval. Notified to the Commission in February 2015, the transaction had been conditionally cleared by the Commission on 20 April 2015,

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  • L’actu-concurrence (Paris)

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Alain Ronzano, Gun jumping: The General Court of the European Union confirms a gun jumping by recognising the possibility of sanctioning concurrently the absence of notification and the early completion of a concentration (Altice, PT Portugal) , 22 September 2021, Concurrences N° 4-2021, Art. N° 102529, www.concurrences.com

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