Second, the measure at issue is liable to distort competition, most clearly among European competitors, by providing a tax reduction to Spanish companies that acquire a significant shareholding in target companies.
Deuxièmement, la mesure litigieuse est susceptible de fausser la concurrence, surtout entre concurrents européens, en octroyant une réduction fiscale aux entreprises espagnoles qui prennent une participation significative dans des entreprises acquises.