In January 2020, the European Commission (“EC”) announced an investigation into the EUR 225 million merger transaction by which international automotive parts manufacturer Faurecia acquired the remaining 50% share capital of SAS Automotive Systems (“SAS”). As a result of the transaction, Faurecia became the sole owner and controller of SAS. The parties received approval for the transaction from the EC, as well as from competition authorities in Turkey, Mexico, and Brazil.
Compass Lexecon assisted Faurecia with the pre-notification proceedings before the EC, including conducting a competitive assessment of the merger’s economic effects, which enabled the transaction to be approved in a short timeframe. The Compass Lexecon team was led by Miguel de la Mano.