The European Commission has closed its foreign subsidies investigation concerning Paloma Rheem and Groupe Atlantic (Case FS.100313). The notification date was February 11, 2026, and the provisional deadline and suspension period under the Foreign Subsidies Regulation (FSR) expired on March 18, 2026. This indicates that the Commission has either approved the transaction, imposed conditions, or the parties have withdrawn their notification.

Companies involved in M&A activities within the EU, particularly those receiving financial contributions from non-EU governments, must ensure compliance with the FSR. The FSR requires notification of concentrations where the acquired company, seller, or ultimate beneficial owner has generated aggregate financial contributions of over €50 million in the last three years from a non-EU country. Failure to comply can lead to investigations, remedies, and significant penalties.