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VSPACE="4"></A></TD>     <TD><A HREF="/PID/121.html" CLASS="liennoir12">Plus sur le web</A></TD>     </TR>     </TABLE>     </TD></TR><TR>	<TD>&nbsp;</TD>	<TD COLSPAN="2"><A HREF="/PID/22.html" CLASS="liennoir12">Tmoigner et ragir</A></TD></TR><TR>	<TD>&nbsp;</TD>	<TD COLSPAN="2"><A HREF="/PID/123.html" CLASS="liennoir12">Archives</A></TD></TR><TR>	<TD>&nbsp;</TD>	<TD COLSPAN="2"><A HREF="#" onClick="window.open('http://www.groupe-exp.com/abo/expn-pop.asp','expnpopup','titlebar=yes,menubar=no,toolbar=no,location=yes,scrollbars=yes,status=yes,width=620,height=580')" CLASS="liennoir12">S'abonner maintenant</A></TD></TR><TR>	<TD COLSPAN="3" BGCOLOR="White"><IMG SRC="/img/vide.gif" WIDTH="1" HEIGHT="1" ALT="" BORDER="0"></TD></TR><TR BGCOLOR="#302A72">	<TD>&nbsp;</TD>	<TD COLSPAN="2" CLASS="blanc12b">La Lettre de L'Expansion</TD></TR><TR>	<TD COLSPAN="3" BGCOLOR="White"><IMG SRC="/img/vide.gif" WIDTH="1" HEIGHT="1" ALT="" BORDER="0"></TD></TR><TR>	<TD>&nbsp;</TD>	<TD COLSPAN="2"><A 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BORDER="0">	<TR>		<TD>			<IMG SRC="/img/vide.gif" WIDTH="10" HEIGHT="1" ALT="" BORDER="0">		</TD>		<TD >			<TABLE WIDTH="150" CELLSPACING="0" CELLPADDING="0" BORDER="0" BGCOLOR="#EE6D4E">				<TR>					<TD>						<TABLE CELLSPACING="1" CELLPADDING="0" BORDER="0" width="100%">							<TR BGCOLOR="#EE6D4E">								<TD CLASS="noir12b" align="center">									<a href="/art/17.45.0.0.html" CLASS="liennoir12b" >Sommaire du dossier</a><BR>								</TD>							</TR>							<TR BGCOLOR="#F5A798">								<TD>									<TABLE CELLSPACING="0" CELLPADDING="0" BORDER="0">										<TR BGCOLOR="#F5A798">											<TD WIDTH="10"></TD>											<TD CLASS="noir12">												<IMG SRC="/img/vide.gif" WIDTH="1" HEIGHT="5" ALT="" BORDER="0"><BR>	<TABLE CELLSPACING="0" CELLPADDING="0" BORDER="0" BGCOLOR="#F5A798">	<TR>		<TD VALIGN="TOP" WIDTH=5></TD>		<TD CLASS="noir11"><A HREF="/art/17.45.60110.0.html" CLASS="liennoir11">- Mario Monti veut rformer l'antitrust europen</A></TD>	</TR>	<TR>		<TD COLSPAN="2"><IMG SRC="/img/vide.gif" WIDTH="5" HEIGHT="3" ALT="" BORDER="0"></TD>	</TR>	<TR>		<TD VALIGN="TOP" WIDTH=5></TD>		<TD CLASS="noir11"><A HREF="/art/17.45.56051.0.html" CLASS="liennoir11">- Dnoncez vos complices, Bruxelles apprciera</A></TD>	</TR>	<TR>		<TD COLSPAN="2"><IMG SRC="/img/vide.gif" WIDTH="5" HEIGHT="3" ALT="" BORDER="0"></TD>	</TR>	<TR>		<TD VALIGN="TOP" WIDTH=5></TD>		<TD CLASS="noir11"><A HREF="/art/17.45.56052.0.html" CLASS="liennoir11">- Commission europenne: o est la tte?</A></TD>	</TR>	<TR>		<TD COLSPAN="2"><IMG SRC="/img/vide.gif" WIDTH="5" HEIGHT="3" ALT="" BORDER="0"></TD>	</TR>	<TR>		<TD VALIGN="TOP" WIDTH=5></TD>		<TD CLASS="noir11"><A HREF="/art/17.45.56053.0.html" CLASS="liennoir11">- L'Europe dans tous ses clats</A></TD>	</TR>	<TR>		<TD COLSPAN="2"><IMG SRC="/img/vide.gif" WIDTH="5" HEIGHT="3" ALT="" BORDER="0"></TD>	</TR>	<TR>		<TD VALIGN="TOP" WIDTH=5></TD>		<TD CLASS="noir12">-&nbsp;<a href="/art/17.45.0.0.html" CLASS="liennoir11" >Le sommaire complet</a></TD>	</TR></TABLE>												<IMG SRC="/img/vide.gif" WIDTH="1" HEIGHT="5" ALT="" BORDER="0"><BR>											</TD>											<TD WIDTH="5"></TD>									</TABLE>								</TD>							</TR>						</TABLE>					</TD>				</TR>			</TABLE>			<IMG SRC="/img/vide.gif" WIDTH="1" HEIGHT="10" ALT="" BORDER="0"><BR>			<TABLE WIDTH="150" CELLSPACING="0" CELLPADDING="0" BORDER="0" BGCOLOR="#EE6D4E">				<TR>					<TD>						<TABLE CELLSPACING="1" CELLPADDING="0" BORDER="0">							<TR BGCOLOR="#EE6D4E">								<TD CLASS="noir12b" align="center">									Lire aussi								</TD>							</TR>							<TR BGCOLOR="#F5A798">								<TD><IMG SRC="/img/vide.gif" WIDTH="1" HEIGHT="5" ALT="" BORDER="0"><BR>									<TABLE CELLSPACING="0" CELLPADDING="0" BORDER="0">										<TR BGCOLOR="#F5A798">											<TD WIDTH="10"></TD>											<TD CLASS="noir12" align="left">												<A HREF="/art/17.45.0.0.html" CLASS="liennoir11">- La veto-mania de Bruxelles (01/02/2002)</A>												<IMG 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Alors, eurocrates irresponsables ou vrais hros de la libre concurrence, les hommes de Mario Monti ? Enqute.</b> 	  <P>A Bruxelles, on les appelle les  ayatollahs de la concurrence . Ils ont le pouvoir d'empcher les industriels de raliser fusions et acquisitions. Les hommes de la <I>merger task force</I> (MTF) sont, avec ceux de la lutte anticartel, le fer de lance du combat engag par Mario Monti, commissaire  la Concurrence, pour dfendre le consommateur contre les monopoles. Avec leur toile de shrif - symboliquement orne, au centre, d'un piranha... -, ils jouent les incorruptibles. Mais ils ne sont pas impermables aux critiques ni dconnects de la ralit. En arrivant aux sports d'hiver, un des enquteurs s'est ainsi prcipit sur le tableau lectrique de son chalet pour examiner les diffrences avec ceux installs en Belgique, et vrifier que les marchs du petit quipement lectrique sont bien nationaux (comme l'a dcid la Commission) et non europens (comme le soutenaient Schneider et Legrand)... Non, ces empcheurs de fusionner en rond ne sont pas des technocrates borns qui se feraient une gloire de leur tableau de chasse. Mais ils ont leur logique. Qui n'est pas celle des industriels, ni celle des autorits nationales. Encore faut-il la comprendre.</P> 	<P>Leur rputation, les hommes de la DG Comp (abrviation de l'anglais DG Competition) l'ont acquise en 2001 en mettant leur veto  cinq grosses fusions, soit le quart des dossiers ayant fait l'objet d'une enqute approfondie, dite de phase 2 (mais  peine 1,5 % des 335 oprations qui leur ont t notifies au total). Un chiffre sans prcdent : de 1990  2000, treize oprations seulement avaient t interdites. La France a particulirement souffert, avec le rejet des rapprochements Schneider-Legrand et Tetra Laval-Sidel. Mais la dcision la plus retentissante sur le plan mondial a t le veto de Bruxelles  l'opration General Electric-Honeywell, qui avait pourtant obtenu le feu vert de l'Antitrust aux Etats-Unis.</P> 	<P><B>Au coeur du systme DG Comp</B> se trouve Mario Monti, dont industriels et hommes politiques saluent unanimement l'intgrit... et dplorent l'intransigeance. Cet conomiste italien de 59 ans, professeur d'universit et ancien ditorialiste du <I>Corriere della Sera</I>, se montre peu sensible aux arguments stratgiques des industriels et ne s'implique gure dans les ngociations avec eux, mme s'il est capable de passer cinq heures au tlphone avec Jean-Marie Messier pour boucler le dossier Seagram-Vivendi-Canal +. L o son prdcesseur, Karel Van Miert, jouait les <I>go-between</I>, Mario Monti se pose plutt en statue du commandeur. Il suit toujours l'avis de ses services. Et se montre chatouilleux vis--vis de toute intervention, qu'il s'agisse de celle de Clinton en faveur de General Electric ou de celles de Fabius et Chirac  l'appui de Schneider.  Avec Monti, le lobbying ne sert  rien , c'est un lobbyiste qui l'affirme.</P> 	<P><B>L'anne 2001 a mis le projecteur</B> sur les chefs de file de la <I>merger task force</I> (MTF). Chaque lundi, les 5 chefs d'unit se rpartissent les nouveaux dossiers et constituent pour chacun une quipe de 4 ou 5 enquteurs. La notification du projet de rapprochement - en 24 exemplaires - doit dtailler les parts de march cumules des candidats. Si l'analyse ne fait pas apparatre de position dominante, l'opration est approuve en quatre  six semaines. Sinon, une enqute approfondie de quatre mois est dclenche, et de nouveaux questionnaires sont envoys aux industriels. Une  lettre de griefs  prcise les points o la concurrence risque d'tre rduite, et les entreprises doivent proposer des  remdes .</I></P> 	<P>Pour mieux cerner les marchs, les quipes de la MTF font un travail de fourmi, accumulant les donnes, pays par pays, produit par produit, et les recoupant  chaque tape par des tests de march auprs des clients et des concurrents. Mme les plus aguerris aux procdures bruxelloises, tels les sidrurgistes Usinor, Arbed et Aceralia, ont t surpris par cette enqute minutieuse.  Rien que pour la notification, il nous a fallu remplir 70 pages de tableaux, puis nous avons reu trois vagues successives de questionnaires  remplir dans les cinq jours, raconte Georges Chacornac, directeur des relations internationales d'Usinor. Nous avons d mobiliser une cinquantaine de personnes. </P> 	<P>Mais le rsultat, c'est que Francis Mer,  dont l'quipe, trs comptente, allait au-devant de nos questions , est aujourd'hui lou  Bruxelles, tout comme Pierre Lescure (Canal +),  qui a gr ses affaires avec beaucoup de professionnalisme . A contrario, les torts d'Henri Lachmann (Schneider) ont t de ngliger tout ce travail technique, puis de s'entter  dfendre son point de vue -  le march pertinent est europen  - au lieu de chercher des remdes aux positions dominantes cres sur le march franais. Lors de l'OPE de TotalFina sur Elf, Thierry Desmarest tait aussi trs sr de lui au dpart. Mais, au premier accrochage,  il a compris le problme et apport trs vite des propositions de cessions . Mme si les dernires concessions (vente d'Antargaz) ont t consenties  l'ultime heure de la ngociation.</P> 	<P><B>Pour Henri Lachmann,</B> le dclic s'est fait trs tard, lors de l'audition publique contradictoire, un grand oral o les firmes, les concurrents et les consommateurs exposent leur point de vue, sous la prsidence d'un conseiller-auditeur, garant des droits de la dfense. En face de lui, le reprsentant de Siemens - ironie du sort, il s'appelle... Schneider ! - affirme que les marchs du petit quipement lectrique sont nationaux. Schneider et Legrand commencent enfin  envisager de gros dsengagements. Le 14 septembre, ils proposent 400 millions d'euros de cessions et pensent avoir le feu vert :  Le cabinet de Monti se disait alors dans une logique d'acceptation , confirme un observateur proche de la Commission. Mais, le 19 septembre, la MTF les informe que les tests de march sont ngatifs et que c'est toute la distribution lectrique qui pose problme.  Si les deux firmes s'y taient prises  temps, il aurait t possible de trouver des solutions , affirme aujourd'hui un membre de la task force.</P> 	<P>Lachmann n'est pas le seul  avoir ralis tardivement l'ampleur des griefs qui lui taient faits. Ainsi, Jean-Pierre Rodier, patron de Pechiney, qui a annonc en aot 1999 son projet de fusion avec Alcan et Algroup, pense encore, en fvrier 2000, obtenir le feu vert de Bruxelles au prix de cessions  marginales . Le 13 mars, il sera oblig de retirer son dossier, car la MTF exige qu'Alcan renonce  son usine commune avec l'allemand VAW, rival de Pechiney, position qui s'appuie sur les dclarations de VAW. La DG Comp accorde-t-elle trop de poids  l'avis des concurrents ?  Nous faisons le tri dans leurs arguments , se dfend Mario Monti.</P><BR><BR></DIV>		</TD>	</TR>	<TR>		<TD><IMG SRC="/img/vide.gif" WIDTH="419" HEIGHT="10" ALT="" BORDER="0"></TD>	</TR></TABLE><TABLE WIDTH="210" CELLSPACING="0" CELLPADDING="0" BORDER="0" BGCOLOR="#F5A798"><TR BGCOLOR="#EE6D4E"><TD><IMG SRC="/img/vide.gif" WIDTH="1" HEIGHT="1" ALT="" BORDER="0"></TD><TD><IMG SRC="/img/vide.gif" WIDTH="138" HEIGHT="1" ALT="" BORDER="0"></TD><TD><IMG SRC="/img/vide.gif" WIDTH="1" HEIGHT="1" ALT="" BORDER="0"></TD><TD><IMG SRC="/img/vide.gif" WIDTH="69" HEIGHT="1" ALT="" BORDER="0"></TD><TD><IMG SRC="/img/vide.gif" WIDTH="1" HEIGHT="1" ALT="" BORDER="0"></TD></TR><TR><TD BGCOLOR="#EE6D4E"><IMG SRC="/img/vide.gif" WIDTH="1" HEIGHT="1" ALT="" BORDER="0"></TD><TD><IMG SRC="/img/vide.gif" WIDTH="1" HEIGHT="5" ALT="" BORDER="0"></TD>			<TD BGCOLOR="#EE6D4E"><IMG SRC="/img/vide.gif" WIDTH="1" HEIGHT="1" ALT="" BORDER="0"></TD><TD><IMG SRC="/img/vide.gif" WIDTH="1" HEIGHT="5" ALT="" 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HEIGHT="1" ALT="" BORDER="0"></TD>					<TD><IMG SRC="/img/vide.gif" WIDTH="409" HEIGHT="1" ALT="" BORDER="0"></TD>				</TR>				<TR>					<TD COLSPAN="2"><IMG SRC="/img/ent/tt_dossier.gif" WIDTH="416" HEIGHT="20" ALT="Dossiers de rfrence" BORDER="0" VSPACE="10"></TD>				</TR>		<TR>			<TD VALIGN="top"><IMG SRC="/img/ent/puce.gif" WIDTH="4" HEIGHT="8" ALT="" BORDER="0" VSPACE="5"></TD>			<TD>				<A HREF="/GdsDossiers/7700.90.17.html" CLASS="liennoir12bu">Industrie</A><span class="noir11">, </span><A HREF="/art/17.214.0.0.html" CLASS="liennoir11">Mondial de l'automobile</A><span class="noir11">, </span><A HREF="/art/17.208.0.0.html" CLASS="liennoir11">Dassault/Thales</A><span class="noir11">, </span><A HREF="/art/17.194.0.0.html" CLASS="liennoir11">Fiat Auto</A><span class="noir11">, </span><A HREF="/art/17.179.0.0.html" CLASS="liennoir11">Industries de dfense</A><span class="noir11">, </span><A HREF="/art/17.172.0.0.html" CLASS="liennoir11">Airbus</A><span class="noir11">, </span><A HREF="/art/17.148.0.0.html" CLASS="liennoir11">Tyco</A><span class="noir11">, </span><A HREF="/art/17.82.0.0.html" CLASS="liennoir11">Automobile</A><span class="noir11">, </span><A HREF="/art/17.79.0.0.html" CLASS="liennoir11">Alstom</A></TD></TR>		<TR>			<TD VALIGN="top"><IMG SRC="/img/ent/puce.gif" WIDTH="4" HEIGHT="8" ALT="" BORDER="0" VSPACE="5"></TD>			<TD>				<A HREF="/GdsDossiers/7700.91.17.html" CLASS="liennoir12bu">Services</A><span class="noir11">, </span><A HREF="/art/17.259.0.0.html" CLASS="liennoir11">La bataille bancaire de l'anne</A><span class="noir11">, </span><A HREF="/art/17.241.0.0.html" CLASS="liennoir11">Audience radio</A><span class="noir11">, </span><A HREF="/art/17.195.0.0.html" CLASS="liennoir11">Arien "low cost"</A><span class="noir11">, </span><A HREF="/art/17.187.0.0.html" CLASS="liennoir11">Crise de l'aerien US</A><span class="noir11">, </span><A HREF="/art/17.183.0.0.html" CLASS="liennoir11">Semestriels des banques</A><span class="noir11">, </span><A HREF="/art/17.180.0.0.html" CLASS="liennoir11">Air France</A><span class="noir11">, </span><A HREF="/art/17.163.0.0.html" CLASS="liennoir11">Messier dbarqu</A><span class="noir11">, </span><A HREF="/art/17.145.0.0.html" CLASS="liennoir11">Banque en ligne</A><span class="noir11">, </span><A HREF="/art/17.130.0.0.html" CLASS="liennoir11">March de l'eau</A><span class="noir11">, </span><A HREF="/art/17.129.0.0.html" CLASS="liennoir11">BNP Paribas</A><span class="noir11">, </span><A HREF="/art/17.76.0.0.html" CLASS="liennoir11">Arthur Andersen</A><span class="noir11">, </span><A HREF="/art/17.72.0.0.html" CLASS="liennoir11">Publicit</A><span class="noir11">, </span><A HREF="/art/17.67.0.0.html" CLASS="liennoir11">Banques</A><span class="noir11">, </span><A HREF="/art/17.60.0.0.html" CLASS="liennoir11">Journaux gratuits</A><span class="noir11">, </span><A HREF="/art/17.32.0.0.html" CLASS="liennoir11">Arien</A></TD></TR>		<TR>			<TD VALIGN="top"><IMG SRC="/img/ent/puce.gif" WIDTH="4" HEIGHT="8" ALT="" BORDER="0" VSPACE="5"></TD>			<TD>				<A HREF="/GdsDossiers/7700.29.17.html" CLASS="liennoir12bu">Finance et marchs</A><span class="noir11">, </span><A HREF="/art/17.268.0.0.html" CLASS="liennoir11">Procs du Lyonnais</A><span class="noir11">, </span><A HREF="/art/17.249.0.0.html" CLASS="liennoir11">Credit Agricole</A><span class="noir11">, </span><A HREF="/art/17.176.0.0.html" CLASS="liennoir11">Le krach</A><span class="noir11">, </span><A HREF="/art/17.175.0.0.html" CLASS="liennoir11">La faillite de Worldcom</A><span class="noir11">, </span><A HREF="/art/17.174.0.0.html" CLASS="liennoir11">BOURSE</A><span class="noir11">, </span><A HREF="/art/17.168.0.0.html" CLASS="liennoir11">La Croisade de Bush</A><span class="noir11">, </span><A HREF="/art/17.166.0.0.html" CLASS="liennoir11">Gouvernement d'entreprise</A><span class="noir11">, </span><A HREF="/art/17.157.0.0.html" CLASS="liennoir11">France Tlcom</A><span class="noir11">, </span><A HREF="/art/17.154.0.0.html" CLASS="liennoir11">COB</A><span class="noir11">, </span><A HREF="/art/17.116.0.0.html" CLASS="liennoir11">Analystes financiers</A><span class="noir11">, </span><A HREF="/art/17.109.0.0.html" CLASS="liennoir11">Comptes des entreprises</A><span class="noir11">, </span><A HREF="/art/17.96.0.0.html" CLASS="liennoir11">Capital risque</A><span class="noir11">, </span><A HREF="/art/17.91.0.0.html" CLASS="liennoir11">Stock-options</A><span class="noir11">, </span><A HREF="/art/17.71.0.0.html" CLASS="liennoir11">Comptes 2001</A><span class="noir11">, </span><A HREF="/art/17.68.0.0.html" CLASS="liennoir11">Reprise</A><span class="noir11">, </span><A HREF="/art/17.40.0.0.html" CLASS="liennoir11">Participations croises</A></TD></TR>		<TR>			<TD VALIGN="top"><IMG SRC="/img/ent/puce.gif" WIDTH="4" HEIGHT="8" ALT="" BORDER="0" VSPACE="5"></TD>			<TD>				<A HREF="/GdsDossiers/7700.30.17.html" CLASS="liennoir12bu">Fusions et acquisitions</A><span class="noir11">, </span><A HREF="/art/17.229.0.0.html" CLASS="liennoir11">Schneider/Legrand (2)</A><span class="noir11">, </span><A HREF="/art/17.143.0.0.html" CLASS="liennoir11">Antitrust europen</A><span class="noir11">, </span><A HREF="/art/17.84.0.0.html" CLASS="liennoir11">HP-Compaq</A><span class="noir11">, </span><A HREF="/art/17.70.0.0.html" CLASS="liennoir11">Restructurations</A><span class="noir11">, </span><A HREF="/art/17.45.0.0.html" CLASS="liennoir11">Veto de Bruxelles</A><span class="noir11">, </span><A HREF="/art/17.43.0.0.html" CLASS="liennoir11">Schneider-Legrand</A></TD></TR></TD></TR></TD></TR>			</TABLE> 	<!-- Sous-thmes et mots clefs --> 	</TD> </TR>   </TABLE>  	</TD> 	<!--Colonne de droite --> 	    				<TD BGCOLOR="#D5D4E2"><IMG SRC="/img/vide.gif" WIDTH="1" HEIGHT="1" ALT="" BORDER="0"></TD> 				<TD VALIGN="top" BGCOLOR="#D5D4E2"> 	 	<TABLE WIDTH="152" BORDER="0" CELLSPACING="0" CELLPADDING="0"> 		<TR> 			<TD><IMG SRC="/img/vide.gif" WIDTH="15" HEIGHT="1" ALT="" BORDER="0"></TD> 			<TD><IMG SRC="/img/vide.gif" 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