France: France retains its transparency
SUPPLEMENT - THE 2008 GUIDE TO MERGERS & ACQUISITIONS - April 01, 2008
General overview
What legislation governs M&A activity in France?
The Civil Code, the Commercial Code, the Decree of March 23 1967, the Monetary and Financial Code, the General Regulations of the French Financial Markets Authority (Autorité des Marchés Financiers, AMF), the Labour Code and the Tax Code govern French M&A.
What impact have recent legislative changes had on the nature of M&A?
There have been no recent legislative changes with substantial consequences on the nature or volume of M&A activities in France.
What have been the most significant M&A transactions in your jurisdiction over the past year?
The acquisition of Rodamco Europe by Unibail Holding for €14 billion ($21.5 billion).
The acquisition of Assurances Générales de France by Allianz SE for €10 billion.
The acquisition of Business Objects by SAP for €3.8 billion.
The acquisition of the biscuits and cereal products business of the Danone Group...
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