COMPETITION • FRENCH LAW • MERGERS
The relevant market is affected : – if one or more of the undertakings concerned (or controlled by groups of which an undertaking is a party) are active in that market and their aggregate shares are 25% or more, or – if at least one of the undertakings concerned (or controlled by a group of which an undertaking is a party) is active in that market and another of those undertakings is active in an upstream or downstream or related market, if there are supplier-customer relationships between these undertakings, if in one of these markets the undertakings as a whole achieve a market share of 25% or more, or – if the transaction leads to the elimination of a potential competitor in one of the markets in which the parties are active.