75/298/ECSC: Commission Decision of 2 April 1975 approving the acquisition by Fried. Krupp Hüttenwerke AG of a majority shareholding in Stahlwerke Südwestfalen AG (Only the German text is authentic)

• Articles: 3

Article 1

The acquisition by Fried. Krupp Hüttenwerke AG of the majority of the share capital in Stahlwerke Südwestfalen AG is hereby authorized.

Article 2

The following conditions are attached to the authorization: 1. No member of a management organ of any steel production or steel distribution undertaking in the Krupp group or the SSW group shall be a member of a management organ of any Community steel production or steel distribution undertaking not in one or other of those groups.

2. If special circumstances justify it, the Commission may, in response to a duly reasoned request, authorize exceptions to the application of paragraph 1 above.

3. The acquisition by any undertaking in the Krupp group or the SSW group of 10 % or more of the share capital of any Community undertaking engaged in the production or distribution of alloy bars, alloy hot rolled strip or alloy cold rolled sheets shall be subject to prior authorization by the Commission.

4. The acquisition by any undertaking in the Krupp group or the SSW group of 10 % or more of the share capital of any Community undertaking whose annual consumption of alloy bars, alloy hot rolled strip and alloy cold rolled sheets exceeds 10 000 metric tons in total shall be subject to prior authorization by the Commission.

Article 3

This Decision is addressed to Fried. Krupp Hüttenwerke AG, of Bochum, and to Fried. Krupp GmbH, of Essen.

Done at Brussels, 2 April 1975.

For the Commission

The President

François-Xavier ORTOLI