Mergers & Acquisitions Mergers & Acquisitions

Comment: PMU fine shows French authority's drive to police commitments

By Arezki Yaïche and Nicholas Hirst
  • 08 Apr 2020 06:41
  • 08 Apr 2020 06:41

French companies that offer remedies to clear a merger or settle an antitrust probe should expect to be held strictly accountable for their commitments, a new decision in the gambling sector suggests.

Yesterday, the French competition authority fined PMU, a betting company that specializes in horse racing, 900,000 euros ($980,000) for

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Nicholas Hirst

Chief Correspondent

Nicholas covers EU merger review and antitrust investigations for Mlex in Brussels. He previously wrote about EU affairs for Politico Europe, European Voice and PaRR. After earning an LLM in European law from the College of Europe in Bruges, he spent a year working in the competition practice of a leading competition law firm in Brussels 2009-10. He graduated in modern European languages from Oxford University in 2006.

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