EUR-Lex - 31977D0154 - EN

ARTICLE 1

THE AGREEMENTS CONCLUDED BETWEEN THE FOLLOWING STEEL UNDERTAKINGS :

• AKTIENGESELLSCHAFT DER DILLINGER HUETTENWERKE , DILLINGEN ;

• ARBED-ACIERIES REUNIES DE BURBACH-EICH-DUDELANGE , SOCIETE ANONYME , LUXEMBOURG ;

• STAHLWERKE ROECHLING-BURBACH GMBH , VOELKLINGEN ;

• OTTO WOLFF AG , KOELN ;

• NEUNKIRCHER EISENWERK AG , NEUNKIRCHEN ( SAAR ) ;

FOR SPECIALIZATION IN THE FIELD OF ROLLED STEEL PRODUCTS AND FOR THE JOINT BUYING OF IRON ORE , CONTAINED IN THE CONTRACT OF 25 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 STEELPRODUCTION 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 CONCERNED ;

2 . WHERE SPECIAL CIRCUMSTANCES WARRANT THIS , 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 SHALL PROVIDE THE COMMISSION WITH 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 QUANTITATIVE OR FINANCIAL AMOUNT OF ANY COMPENSATION GIVEN .

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 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