No Value in the Future? The Twists and Turns of Germany’s Transaction Value Threshold
By EsqSocial Corporation 12/03/25
Narrower scope, clearer lines: In a string of rulings, the German Federal Cartel Office (“FCO”) has seen its broader interpretation of the transaction value threshold curtailed. These decisions should, for the time being, offer more predictability, particularly for companies operating in mature markets where turnover is a primary indicator of a target’s competitive potential. Judges have reinforced that in established industries, turnover remains a dependable gauge of genuine market presence....
By: Hogan Lovells