EN

   By Cristina Roca 
 

Bouygues SA and RTL Group SA's plan to merge French TV networks Television Francaise 1 SA and M6-Metropole Television SA could face a roadblock from France's antitrust authorities.

A report by the French Competition Authority's investigation teams says the deal raises a number of significant competition concerns, Bouygues said late Tuesday.

The report doesn't predict the watchdog's final decision, the French company, which controls TF1, said.

However, the remedies the report requires would make the plan no longer meaningful for the parties, and would mean the deal would be abandoned, Bouygues said.

Bouygues and RTL don't intend to change their original plans, Bouygues said. Hearings before the French competition authority's board will take place on Sept. 5 and 6, the company said.

Write to Cristina Roca at cristina.roca@wsj.com

(END) Dow Jones Newswires

July 27, 2022 02:21 ET (06:21 GMT)

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