Le règlement européen sur le contrôle des concentrations d’entreprises a créé un cadre structurant le Marché Unique Européen et assuré la sécurité juridique des opérations de fusion-acquisition. Contraintes de notifier les opérations franchissant les seuils européens de chiffre d’affaires, les entreprises ont adapté leurs stratégies d’acquisition en anticipant l’application du règlement dans un dialogue permanent avec la Commission, en amont et en aval de la notification. La multiplication des acquisitions – hors-champ d’application du règlement – de jeunes pousses technologiques par des entreprises puissantes, a amené la Commission à revoir les règles du jeu, bouleversant l’équilibre subtil des rapports entre les entreprises et les Autorités de contrôle.

Companies in the extractive sector implement local content measures in the areas in which they operate. These measures – training, education, employment, infrastructure, health – must benefit local populations. Companies report on these activities by publishing the information required by the Non-Financial Reporting Directive (NFRD).
The European regulation on the control of business concentrations has created a framework structuring the Single European Market and has ensured the legal security of merger and acquisition operations. As companies are obliged to notify transactions that exceed the European turnover thresholds, they have adapted their acquisition strategies by anticipating the application of the regulation in an ongoing dialogue with the Commission, both before and after notification. The increasing number of acquisitions – outside the scope of the regulation – of technology start-ups by powerful companies has led the Commission to review the rules of the game, upsetting the subtle balance of relations between companies and the regulatory authorities.

Contrôle des concentrations; Commission européenne; Seuils; Notification; Killer Acquisitions.

Control of mergers and Acquisitions; European Commission; Thresholds; Notification; Killer Acquisitions.