EUR-Lex - 31978D0731 - EN

ARTICLE 1

THE AGREEMENTS BETWEEN THE FOLLOWING STEEL UNDERTAKINGS :

_ CREUSOT-LOIRE SA , 42 RUE D'ANJOU , PARIS 8 , AND

_ UGINE ACIERS SA , 10 RUE DU GENERAL FOY , PARIS 8 ,

RELATING TO SPECIALIZATION AGREEMENTS , CONTAINED IN A MEMORANDUM OF AGREEMENT DATED 26 SEPTEMBER 1977 , ARE HEREBY AUTHORIZED .

ARTICLE 2

THE FOLLOWING CONDITIONS ARE ATTACHED TO THE AUTHORIZATION :

1 . MEMBERS OF MANGAGEMENT BODIES OF THE STEEL-PRODUCING AND TRADING COMPANIES BELONGING TO ONE CONTRACTING PARTY MAY NOT AT THE SAME TIME EXERCISE ANALOGOUS FUNCTIONS IN SIMILAR COMPANIES OR SALES ORGANIZATIONS BELONGING TO THE OTHER PARTY .

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

3 . THE COMPANIES SHALL REFRAIN FROM COORDINATING THEIR PRODUCTION AND SALES EXCEPT AS REQUIRED BY THE SPECIALIZATION AGREEMENTS .

ARTICLE 3

1 . THE COMPANIES SHALL INFORM THE COMMISSION FORTHWITH 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 4

THIS DECISION SHALL ENTER INTO FORCE UPON ITS NOTIFICATION AND SHALL EXPIRE ON 31 MAY 1987 .

ARTICLE 5

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

DONE AT BRUSSELS , 20 JULY 1978 .

FOR THE COMMISSION

RAYMOND VOUEL

MEMBER OF THE COMMISSION