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74/153/ECSC: Commission Decision of 20 December 1973… Article 3

74/153/ECSC: Commission Decision of 20 December 1973… Article 3

Article 3

The following obligations are attached to the authorization: 1. It shall be prohibited for August-Thyssen-Hütte AG to acquire any share or shares in Mannesmann AG or in any undertaking controlled by Mannesmann AG. 2. August-Thyssen-Hütte AG and the undertakings controlled by it shall by not later than 31 March 1974 withdraw from the Rationalisierungsgruppen West and Westfalen. The Commission shall be notified that this obligation has been met. 3. No member of a management organ of any steel producing or dealing undertaking involved in the proposed transaction may be a member of a management organ of any undertaking of a like nature not involved therein. This prohibition shall not apply in respect of Mannesmannröhren-Werke AG. In the case of a steel producing or dealing undertaking controlled, whether directly or indirectly, jointly by August-Thyssen-Hütte AG with one or more other undertakings, it shall be permitted for a member of a management organ of any such other undertaking to be a member of a management organ of the undertaking jointly so controlled. 4. The acquisition of 10 % or more of the share capital of any steel producing or dealing undertaking, or of any steel processing undertaking whose annual consumption of steel exceeds 50 000 metric tons, shall be subject to prior authorization by the Commission.

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Other provisions in 74/153/ECSC: Commission Decision of 20 December 1973…

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04

CitationArticle 3 of 74/153/ECSC: Commission Decision of 20 December 1973… (LawPlayer, data as of 2026-07-04)

© European Union, https://eur-lex.europa.eu, 1998-2026. Reuse authorised under Commission Decision 2011/833/EU, provided the source is acknowledged.

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