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Article R430-5 of the French Commercial code

Where a concentration is effected by the purchase or exchange of securities on a regulated market, its effective completion, within the meaning of Article L. The absence of a decision by the Autorité de la concurrence shall not prevent the transfer of the said securities.

Original in French 🇫🇷
Article R430-5

Lorsqu’une concentration est réalisée par achat ou échange de titres sur un marché réglementé, sa réalisation effective, au sens de l’article L. 430-4, intervient lorsque sont exercés les droits attachés aux titres.L’absence de décision de l’Autorité de la concurrence ne fait pas obstacle au transfert desdits titres.

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