Important changes to the French merger control system will finally come
into force within the next two weeks. New legislation was adopted in May
last year, but a supplementing decree was required before the legislation
could become effective. This Decree was published in the French Official
Journal on 3 May 2002.
Until now, merger control in France has been based on a system of
voluntary notification. Under the new legislation, notification of
mergers/take-overs becomes compulsory when certain thresholds based on
turnover are met:
- The aggregate worldwide turnover of all the relevant parties exceeds
€ 150 million; and