EUR-Lex - 31977D0153 - EN

ARTICLE 1

THE AGREEMENTS CONCLUDED BETWEEN THE FOLLOWING STEEL UNDERTAKINGS :

• EISEN - UND STAHLWALZWERKE ROETZEL GMBH , BREYELL ;

• EISENWERK-GESELLSCHAFT MAXIMILIANSHUETTE MBH , SULZBACH ;

• FRIED . KRUPP HUETTENWERKE AG , BOCHUM ;

• KLOECKNER-WERKE AG , DUISBURG ;

• SIEGENER AG , SIEGEN ;

• STAHLWERKE PEINE-SALZGITTER AG , PEINE ;

• STAHLWERKE SUEDWESTFALEN AG , SIEGEN ;

• THEODOR WUPPERMANN GMBH , LEVERKUSEN ;

FOR SPECIALIZATION AND COOPERATION IN THE FIELD OF ROLLED STEEL PRODUCTS , CONTAINED IN THE CONTRACT OF 29 JUNE 1976 , AS AMENDED ON 3 DECEMBER 1976 , ARE HEREBY AUTHORIZED .

ARTICLE 2

THE FOLLOWING CONDITIONS ARE ATTACHED TO THE AUTHORIZATION :

1 . MEMBERS OF MANAGEMENT BODIES IN THE STEEL PRODUCTION AND DISTRIBUTION COMPANIES DIRECTLY AND INDIRECTLY CONCERNED MAY NOT AT THE SAME TIME EXERCISE SIMILAR FUNCTIONS IN COMPANIES OR SALES ORGANIZATIONS OF THE SAME TYPE WHICH ARE NOT SO CONCERNED ;

2 . WHERE SPECIAL CIRCUMSTANCES SO WARRANT , THE COMMISSION MAY ON RECEIPT OF A REASONED REQUEST AUTHORIZE DEROGATIONS FROM PARAGRAPH 1 ;

3 . THE COMPANIES CONCERNED SHALL REFRAIN FROM COORDINATING THEIR PRODUCTION AND SALES EXCEPT IN AREAS COVERED BY THE SPECIALIZATION AGREEMENTS AND WHEN THE SYSTEM OF DELIVERY OBJECTIVES SET BY THE COMMISSION IS IN OPERATION ;

4 . THE COMPANIES CONCERNED SHALL REFRAIN FROM ENTERING INTO ANY AGREEMENT RELATING TO PRODUCTION AND SALES WITH THIRD PARTIES , PARTICULARLY WITHIN ASSOCIATIONS OF UNDERTAKINGS .

ARTICLE 3

EACH YEAR THE COMPANIES CONCERNED SHALL PROVIDE THE COMMISSION WITHIN INFORMATION ON AND REASONS FOR :

• IMPROVEMENTS MADE DURING THE YEAR IN THE SALE AND PRODUCTION OF THE RELEVANT PRODUCTS BY VIRTUE OF THE AGREEMENTS ; AND

• THE AMOUNT OF ANY QUANTITATIVE OR FINANCIAL COMPENSATION .

ARTICLE 4

1 . THE COMPANIES CONCERNED SHALL FORTHWITH INFORM THE COMMISSION OF ANY CHANGES AND ADDITIONS MADE TO THE AGREEMENTS .

2 . EFFECT SHALL NOT BE GIVEN TO CHANGES AND ADDITIONS AS REFERRED TO IN PARAGRAPH 1 UNTIL THE COMMISSION HAS DECLARED THAT THEY ARE IN CONFORMITY WITH THE AUTHORIZATION GIVEN BY THIS DECISION OR HAS AUTHORIZED THEM UNDER ARTICLE 65 ( 2 ) .

ARTICLE 5

THIS DECISION SHALL HAVE EFFECT FROM 1 JANUARY 1977 TO 30 JUNE 1981 .

ARTICLE 6

THIS DECISION IS ADDRESSED TO THE COMPANIES LISTED IN ARTICLE 1 .

DONE AT BRUSSELS , 20 DECEMBER 1976 .

FOR THE COMMISSION

THE PRESIDENT

FRANCOIS-XAVIER ORTOLI