M/18/091 - Mirova (BPCE)/Axione (Bouygues) [2018] IECompA m18091 (21 December 2018)

M/18/091 - Mirova (BPCE)/Axione (Bouygues) [2018] IECompA m18091 (21 December 2018)

The Commission found that the proposed acquisition would not substantially lessen competition in any market and therefore cleared the transaction.

Parties
Acquirer: Banques Populaires Caisses D’Epargne SA (through Mirova); Target: Axione SAS (part of Bouygues Group)
Jurisdiction
Ireland
Judgment Date
21 December 2018
Procedural Posture
Merger Control / Phase 1 Clearance
Outcome
Cleared (Phase 1)
Legal Topics
Merger Control, Joint Control Acquisition, Telecommunications Sector

Case Brief

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Parties

Banques Populaires Caisses D’Epargne SA (through Mirova)

Acquirer

Axione SAS (part of Bouygues Group)

Target

Procedural Posture

Merger Control / Phase 1 Clearance

  1. 1 Whether the proposed acquisition of joint control of Axione SAS by Mirova (BPCE) raises competition concerns

Ratio Decidendi

The Commission found that the proposed acquisition would not substantially lessen competition in any market and therefore cleared the transaction.

Court Disposition

Cleared (Phase 1)

Orders

  • The proposed acquisition is cleared and may proceed.