95In that regard, it must be borne in mind that, in the context of the private investor in a market economy test, the Court of Justice has held that the applicability of that test ultimately depended on the Member State concerned having conferred, in its capacity as shareholder and not in its capacity as public authority, an economic advantage on an undertaking belonging to it (judgment in Commission v EDF, cited in paragraph 26 above, EU:C:2012:318, paragraph 81).
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