Court of Justice 7 March 2018, Case C-127/16 P: Judgment of the Court (First Chamber) of 7 March 2018 — SNCF Mobilités, formerly Société nationale des chemins de fer français (SNCF) v European Commission, French Republic, Mory SA, in liquidation, Mory Team, in liquidation (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)

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