75/135/ECSC: Commission Decision of 20 November 1974 approving the acquisition by August Thyssen-Hütte of a shareholding of up to 25 % in SOLMER

• Articles: 3

Article 1

The acquisition of a participation of up to 25 % in the share capital of the flat rolled steel producing undertaking Société Lorraine et Méridionale de Laminage Continu S.A. (SOLMER) by August Thyssen-Hütte AG is hereby authorized.

Article 2

Authorization shall be subject to the following conditions: 1. The members of the management bodies of the steel-producing and the steel-distribution undertakings belonging to any one of the groups controlling SOLMER may not simultaneously hold similar posts in similar undertakings belonging to any other of the groups or in third undertakings.

In special circumstances the Commission may, in response to an application containing adequate reasons, authorize exceptions from the ban contained in the preceding paragraph.

2. The groups concerned shall be required to organize their sales in such a way that their respective independence within the common market is jeopardized neither directly nor indirectly.

3. Any proposed extension of the production capacity of SOLMER over 7 million metric tons a year for crude steel and 6 million metric tons a year for coils must be reported to the Commission for prior authorization.

Article 3

This Decision is addressed to August Thyssen-Hütte AG, of Duisburg-Hamborn, Société Lorraine de Laminage Continu S.A. (SOLLAC), of Paris, and l'Union Sidérurgique du Nord et de l'Est de la France S.A. (USINOR), of Paris.

Done at Brussels, 20 November 1974.

For the Commission

The President

François-Xavier ORTOLI