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Court of Justice of the European Union · Judgment

C-127/16 PSNCF Mobilités, formerly Société nationale des chemins de fer français (SNCF) v European Commission

Decided
2018-03-07
ECLI
ECLI:EU:C:2018:165
CELEX
62016CJ0127
Finality
Final, the decision cannot be appealed

The court's own keywords

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.

Interprets

    EUR-LexThe Court

    Read from EU:s publikationsbyrå, Cellar (EUR-Lex och CURIA) on 2026-08-22.

    The row repeats what the source states. It is not a summary, not a conclusion about any single case and not legal advice.

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    • Six fixed blocks, one source per line
    • No sentence written by a language model
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    • Model card and audit published under the EU AI Act

    Model cardAudit