Luxemburg, 11/07/2007 (Agence Europe) - In a judgment delivered on Wednesday, the Court of First Instance declared the Commission's prohibition of the acquisition of Legrand by Schneider Electric of France (case T-351/03) illegal. For the first time, the Commission will have to compensate a company for the consequences of a wrong decision with regard to a concentration.
The merger, carried out in August 2001, was declared incompatible with the common market, because of “buttressing”, in...