Commission approves Aéroports de Paris and the Nuance Group’s joint venture
23-Dec-2008 |
The European Commission has cleared (22-Dec-08) under the EU Merger Regulation the proposed joint venture between Aeroports de Paris (ADP) and The Nuance Group (TNG). The Commission found that the merger would not significantly restrict effective competition in the European Economic Area (EEA) or any substantial part of it.
ADP is responsible under French law for constructing, operating and developing all airport facilities in the Ile de France region, particularly those at the Paris-Charles de Gaulle and Paris-Orly airports.
TNG specialises in airport retailing and is also involved in airport catering services and on-board sales on planes and boats.
The purpose of the joint venture to be set up between ADP and TNG is to operate fashion and accessories stores in public and reserved areas at the Paris-Charles de Gaulle and Paris-Orly airports.
The Commission's investigation showed that the joint venture would not have a detrimental effect on competition in the markets for retail sales or retail trade concessions at airports, because the two companies have only a limited share of the European and world markets, and have many other competitors. At a local level, ADP has already been managing the commercial areas of the two Paris airports prior to this move - a situation which the creation of a joint venture with TNG will not change.
(c) Centre for Asia Pacific Aviation. Date posted: 23-Dec-08
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Commission approves Aéroports de Paris and the Nuance Group’s joint venture 
