Article 422-249-5 into force since 22 November 2019

AGFI may merge with one or more SEF or one or more other GFIs or one or more GFIs that have not made an offer to the public or one or more forestry investment groupings managing assets whose forests are subject to approved basic management plans. However, such a merger may not lead to a GFI being taken over by a forestry investment grouping that has not made an offer to the public or by a forestry investment grouping managing assets whose forests are subject to approved basic management plans.

The merger shall be submitted to the AMF.

For the purposes of this article, those GFIs that have only made offers to the public referred to in point 1° of Article L. 411-2 of the Monetary and Financial Code shall not be considered as making an offer to the public.