78/538/ECSC: Commission Decision of 6 June 1978 authorizing Arbed to acquire the whole of the capital of Neunkircher Eisenwerk AG, 25.09 % of the capital of SA Métallurgique et Minière de Rodange-Athus, and to take over the management of the latter company (Only the French text is authentic)

• Articles: 4

Article 1

The following transactions are authorized: (a) acquisition by Arbed of 25 709 % of the shares in SA Métallurgique et Minière de Rodange-Athus and assumption of control by Arbed of its technical and financial management;

(b) acquisition by Arbed of all the shares in Neunkircher Eisenwerk AG.

Article 2

Authorization is given on condition that by May 1982 Arbed reduces its shareholding in Dillinger Hütte to a maximum of 25 % ; Arbed must notify the Commission without delay on fulfilment of this condition.

Article 3

The following obligations are attached to the authorization: (a) members of the management bodies of the Arbed Group iron and steel production and distribution undertakings shall not belong to management bodies of outsider undertakings or holding companies of the same type. This does not apply to iron and steel undertakings jointly controlled with outsiders prior to the transactions authorized by this Decision, or to the Société des Laminoirs de Villerupt. If special circumstances so justify, the Commission may, in response to a reasoned request, authorize exemption from the obligation imposed by this paragraph;

(b) during the period up to May 1982 Arbed shall refrain from exercising the voting rights attaching to such of its shares in Dillinger Hütte as exceed 25 % of that company's capital;

(c) Arbed and the undertakings under its control shall by 31 July 1978 withdraw from the South Rationalization Group. The Commission shall be notified upon fulfilment of this obligation.

Article 4

This Decision is addressed to Aciéries Réunies de Burbach-Eich-Dudelange SA, Luxembourg.

Done at Brussels, 6 June 1978.

For the Commission

Raymond VOUEL

Member of the Commission