Autorité De La Concurrence – Work To Propose A Reform On M&A Thresholds

French competition authority, the Autorité de la Concurrence has announced that following the public consultation, it is continuing its work to propose a balanced reform that will ensure effective control and sufficient legal certainty to address below-threshold mergers and acquisitions that are likely to harm the competition in the markets. On January 14 2025, the Autorité launched a public consultation to solicit views on possible legislative changes to the control of transactions below the current notification thresholds, having identified in its work over the past years that there are transactions that play, or are likely to play, an important competitive role in the relevant markets, but which are not subject to M&A control due to the low turnover of the target company at the time of the proposed transaction. In this context, the Autorité opened for public consultation two main options: