I den foreliggende sag bemærker Kommissionen, at SNCM's ekspert har fremlagt en detaljeret analyse, hvori det konkluderes, at den franske stat højst sandsynligt ville blive betragtet som SNCM's faktiske leder.
In the present case, the Commission notes that SNCM’s expert provided a detailed analysis leading to the conclusion that it is very likely that the French State would be described as de facto manager of SNCM.