CELEX: 62016CA0127
Language: en
Date: 2018-03-07 00:00:00
Title: Case C-127/16 P: Judgment of the Court (First Chamber) of 7 March 2018 — SNCF Mobilités, formerly Société nationale des chemins de fer français (SNCF) v European Commission, French Republic, Mory SA, in liquidation, Mory Team, in liquidation (Appeal — State aid — Aid implemented by the French Republic in favour of Sernam — Restructuring and recapitalisation aid, guarantees and waiving of Sernam's financial debts by SNCF — Decision declaring that aid incompatible with the internal market and ordering its recovery — Sale of assets en bloc — Concept of ‘sale’ — Confusion between object and price of the sale of assets en bloc — Open and transparent procedure — Private investor test — Application of that principle to an assignment of assets en bloc — Compensatory measures)

7.5.2018   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 161/6
            
         Judgment of the Court (First Chamber) of 7 March 2018 — SNCF Mobilités, formerly Société nationale des chemins de fer français (SNCF) v European Commission, French Republic, Mory SA, in liquidation, Mory Team, in liquidation
   (Case C-127/16 P) (1)
   
   ((Appeal - State aid - Aid implemented by the French Republic in favour of Sernam - Restructuring and recapitalisation aid, guarantees and waiving of Sernam's financial debts by SNCF - Decision declaring that aid incompatible with the internal market and ordering its recovery - Sale of assets en bloc - Concept of ‘sale’ - Confusion between object and price of the sale of assets en bloc - Open and transparent procedure - Private investor test - Application of that principle to an assignment of assets en bloc - Compensatory measures))
   (2018/C 161/05)
   Language of the case: French
   
      Parties
   
   
      Appellant: SNCF Mobilités, formerly Société nationale des chemins de fer français (SNCF) (represented by: P. Beurier, O. Billard, G. Fabre and V. Landes, avocats)
   
      Other parties to the proceedings: European Commission (represented by: B. Stromsky and T. Maxian Rusche, acting as Agents), French Republic, Mory SA, in liquidation, Mory Team, in liquidation (represented by: B. Vatier and F. Loubières, avocats)
   
      Operative part of the judgment
   
   The Court:
   
               1.
            
            
               Dismisses the appeal;
            
         
               2.
            
            
               Orders SNCF Mobilités to bear its own costs and to pay those incurred by the European Commission and by Mory SA and Mory Team.
            
         
      (1)  OJ C 145, 25.4.2016.