European Commission Imposes Record-Setting Fine for Failing to Notify Acquisition of Minority Ownership Interest

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On June 10 th, 2009, the European Commission imposed a fine of €20 million on electricity producer Electrabel for acquiring control of electricity producer Compagnie Nationale du Rhône (CNR) without seeking prior approval from the European Commission under the EC Merger Regulation (“ECMR”).

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Published In: Antitrust & Trade Regulation Updates, International Trade Updates, Mergers & Acquisitions Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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