Proposed Merger Between GROUPE TF1 and Groupe M6: Case Team of the French Competition Authority Has Issued Its Report
July 26 2022 - 2:02PM
Business Wire
Regulatory News:
In the framework of the review of the proposed merger between
Groupe TF1 and Groupe M6 (Paris:MMT), the case team of the French
competition authority (Autorité de la Concurrence) has issued its
report.
In this report, which does not prejudge the final decision by
the Board (Collège) of the authority, the case team considers that
the proposed transaction raises significant competition concerns
(in particular on the advertising market). The nature and scope of
the remedies required in the report of the case team would render
the parties’ proposal irrelevant, in which case the parties would
withdraw it.
The parties – who intend to maintain their proposal as presented
– will respond to the competition authority within the next three
weeks. The hearings before the Board of the French competition
authority are scheduled for 5 and 6 September 2022.
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version on businesswire.com: https://www.businesswire.com/news/home/20220726006039/en/
INVESTOR RELATIONS Guillaume Couturié +33 (0)1 41 92 28
03 / guillaume.couturie@m6.fr
PRESS Paul Mennesson +33 (0)1 41 92 61 36
/ paul.mennesson@m6.fr
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