Under the EC Merger Regulation the European Commission has cleared the proposed joint venture between the French company, Aéroports de Paris (ADP), and the Swiss company, The Nuance Group (TNG). ADP is responsible for constructing, operating and developing all airport facilities in the Paris region, including those at the Paris-Charles de Gaulle and Paris-Orly airports. TNG specialises in airport retailing and is also involved in airport catering services and on-board sales on planes and boats. The purpose of the joint venture is to operate fashion and accessories stores in public and reserved areas at the Paris-Charles de Gaulle and Paris-Orly airports. The Commission's investigation showed that the joint venture would not have a detrimental effect on competition in the markets for retail sales or retail trade concessions at airports, because the two companies have only a limited share of the European and world markets and have many other competitors. At a local level, ADP was already managing the commercial areas of the two Paris airports and this situation will not change after the creation of the joint venture.