translate English to French: "Concerned subsidiary or establishment" means a subsidiary or establishment of a participating company which is proposed to become a subsidiary or establishment of the SE upon its formation, and which is situated in a Member State.
"filiale ou établissement concerné" : une filiale ou un établissement d'une société participante, qui devient une filiale ou un établissement de la SE lors de sa constitution, et qui est situé dans un Etat membre.