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78/538/ECSC: Commission Decision of 6 June 1978 authorizing… Article 3

78/538/ECSC: Commission Decision of 6 June 1978 authorizing… Article 3

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.

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Other provisions in 78/538/ECSC: Commission Decision of 6 June 1978 authorizing…

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 78/538/ECSC: Commission Decision of 6 June 1978 authorizing… (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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