natgillin/translations-raw huggingface dataset:
In order to eliminate the Commission’s concerns the parties committed that the shareholders agreement shall be amended in such a way that, when it is proposed that the JV enters into a new supply agreement for centrifuges with one of the parties, such a decision shall not require the approval of the board, but will be left to the executives, provided that: (a) the terms are not more favourable than other contracts with Areva or Urenco; (b) the contracts are conditional upon approval of the Joint Committee and the Quadripartite Committee, or any other required governmental regulatory approval or requirements, such approvals are granted and (c) the proposed additional capital expenditure does not exceed [< 20] million.
Da bi odpravili pomisleke Komisije, sta se stranki zavezali, da bo dogovor delničarjev spremenjen tako, da ob predlogu, da mešana družba sklene novo dobavno pogodbo za centrifuge z eno izmed strank, za takšno odločitev ne bo potrebna odobritev sveta, ampak bo to prepuščeno vodstvenim delavcem, pod pogojem, da: (a) pogoji niso ugodnejši kot druge pogodbe s podjetjema Areva in Urenco; (b) so pogodbe odvisne od odobritve skupnega odbora in odbora, v katerem sodelujejo štiri stranke, ali se pridobijo vse zahtevane vladne regulativne odobritve ali se izpolnijo takšne zahteve ter (c) predlagane dodatne naložbe v osnovna sredstva ne presegajo [<20] milijonov.
The termination of the veto rights concerning the supply of centrifuges will exclude one party’s right to veto the expansion of capacity of the other party.
Odprava pravic veta glede dobave centrifug bo odpravila pravico veta ene stranke na razširitev zmogljivosti druge stranke.
The executives, who are not members of the board, will fulfil any orders of the parent companies on the sole basis that the order is not contrary to the economic interest of the JV.
Vodstveni delavci, ki niso člani nadzornega sveta, bodo upoštevali vsa navodila matičnih družb, njihovo edino vodilo pa je, da naloge niso v nasprotju z gospodarskimi interesi mešane družbe.
In addition, the independent auditors to the JV shall report at regular intervals to the Commission on the fulfilment of this element of the commitments.
Poleg tega neodvisni revizorji mešane družbe redno poročajo Komisiji o izpolnjevanju tega dela obveznosti.
Firewalls and related commitments
Zapore informacij in zadevne obveznosti
In order to eliminate the Commission’s concern that the formation of the JV would facilitate coordination between Areva and Urenco by an increased scope for information exchange through ETC, the parties committed to reinforce firewalls between the parties and ETC and between each of the parties.
Za odpravo pomisleka Komisije, da bi ustanovitev mešane družbe olajšala koordinacijo med podjetjema Areva in Urenco na podlagi povečanega obsega izmenjave informacij, katerih posrednik bi bil ETC, sta se stranki zavezali, da bosta okrepili zapore informacij med strankama in ETC ter med vsako od strank.
The firewall mechanism involves a number of individual points directed at reducing the information flow between ETC and the parent companies and vice versa.
Mehanizem zapore informacij vključuje številne posamezne ukrepe, ki so usmerjeni k zmanjšanju pretoka informacij med ETC in matičnimi družbami ter obratno.
It includes a provision that Areva/Urenco shall not have access to commercially sensitive information relating to the ETC group and vice versa, that Areva and Urenco shall not be involved in the day to day running of ETC and that the management structure of ETC shall be independent of the parties.
Mehanizem vključuje določbo, da Areva/Urenco ne moreta imeti dostopa do gospodarsko občutljivih informacij, ki se nanašajo na skupino ETC in obratno, da podjetji Areva in Urenco ne moreta biti vključeni v vsakodnevno vodenje ETC ter da je poslovodna struktura ETC neodvisna od strank.
It also sets out specific duties of the members of the board of ETC who may not hold commercial responsibility in the field of uranium enrichment of either of the parties.
Prav tako določa posebne dolžnosti članov nadzornega sveta ETC, ki na področju obogatitve urana ne morejo imeti gospodarske odgovornosti katere koli izmed strank.
No board member of ETC may request or receive any commercial sensitive information not connected to reserved board matters, that he shall not use or circulate commercially sensitive information for any other purpose and that no board member shall be involved in the negotiation of any contracts with shareholders or third parties and no information on such individual agreements shall be disclosed to the shareholders.
Nihče od članov nadzornega sveta ETC ne sme zahtevati ali prejeti kakršne koli gospodarsko občutljive informacije, ki ni povezana z zadevami, s katerimi se mora ukvarjati nadzorni svet, da gospodarsko občutljivih informacij ne uporabi ali ne širi zaradi katerih koli drugih namenov in da nihče od članov ne sme biti udeležen v pogajanjih kakršnih koli dogovorov z delničarji ali tretjimi strankami ter da se o takšnih posameznih dogovorih delničarjem ne razkrije nobene informacije.
The board of ETC will only receive the information necessary to enable its members to fulfil their fiduciary duties.
Nadzorni svet ETC bo prejel samo informacije, ki so potrebne, da bodo njegovi člani lahko izpolnili njihovo fiduciarno razmerje.
Monitoring by the Euratom Supply Agency
Spremljanje, ki ga izvaja Agencija za preskrbo
To enhance the monitoring role of ESA, the parties further committed to supply all relevant contractual elements of the enrichment contracts to the ESA.
Da bi okrepili vlogo spremljanja Agencije za preskrbo, so se stranke nadalje zavezale, da bodo Agenciji za preskrbo predložile vse ustrezne pogodbene elemente pogodb za obogatitev urana.
This information includes prices and payment conditions as well as all other relevant price information required by ESA in respect of contracts with enrichment customers, whether located inside or outside the EU.
Te informacije vključujejo cenovne in plačilne pogoje ter druge ustrezne informacije o cenah, ki jih potrebuje Agencija za preskrbo, v zvezi s pogodbami za obogatitev urana, ki so sklenjene s kupci, ali se nahajajo znotraj ali izven EU.
This information shall enable the ESA to closely monitor the development of prices of enriched uranium charged by each of the parties.
Te informacije omogočajo Agenciji za preskrbo, da skrbno spremlja razvoj cen obogatitve urana, ki jih obračuna vsaka stranka.
If in future prices are raised by the parties, this information will give ESA the basis to take corrective actions in its supply policy to increase the imports of non-European enriched uranium to counteract any unjustified price increases by the parties.
Če stranke v prihodnosti zvišajo cene, bodo te informacije Agenciji za preskrbo dale podlago za sprejetje popravnih ukrepov v okviru njene dobavne politike, kar pomeni povečati uvoz neevropskega obogatenega urana, da bi se preprečilo kakršno koli neupravičeno povišanje cen s strani strank.
The Commission is of the view that ESA already has the power to monitor prices of enrichment contracts and that it has the power and discretion to adapt its supply policy.
Komisija meni, da Agencija za preskrbo že ima moč spremljanja cen pogodb za obogatitev urana in da ima moč in diskrecijo, da prilagaja svojo dobavno politiko.
ESA has confirmed that it is prepared to take on such a monitoring role.
Agencija za preskrbo je potrdila, da je pripravljena prevzeti takšno vlogo spremljanja.
Assessment of the Commitments offered by the notifying parties
Presoja obveznosti, ki sta jih ponudili priglasiteljici.
The termination of the veto rights concerning the supply of centrifuges will remove the parties’ veto rights concerning the expansion of capacity of the other party.
Odprava pravic veta glede dobave centrifug bo odpravila pravice veta ene stranke v zvezi z razširitvijo zmogljivosti druge stranke.
The executives, who are not members of the board, will fulfil any orders for the parent companies on the sole basis that the order is not contrary to the economic interest of the JV.
Vodstveni delavci, ki niso člani nadzornega sveta, bodo upoštevali vsa navodila matičnih družb, njihovo edino vodilo pa je, da naloge niso v nasprotju z gospodarskimi interesi mešane družbe.
The Commission considers that this commitment will remove concerns that the parties will coordinate on capacity extensions on the basis of the rights of the board.
Komisija meni, da bo ta obveznost odpravila pomisleke, da bo prišlo do koordinacije med strankama glede razširjanja zmogljivosti na podlagi pravic nadzornega sveta.
The Commission considers that the enhanced firewall mechanism will significantly reduce the information flow between the parties and thereby reduce the transparency resulting from the joint ownership of ETC.
Komisija meni, da bo okrepljeni mehanizem za zaporo informacij občutno zmanjšal pretok informacij med strankama in s tem zmanjšal preglednost, ki izhaja iz skupnega lastništva ETC.
By providing ESA with comprehensive contract information, ESA will be in a position to monitor the pricing behaviour of the parties and, if pricing is considered to be inconsistent with the overall development of the enrichment market, ESA will be able to take corrective measures in particular by increasing the import of enriched uranium from Russia.
Z zagotovitvijo obširnih pogodbenih informacij Agenciji za preskrbo ji bo omogočeno spremljanje gibanja cen, ki jih določata stranki, in če Agencija za preskrbo meni, da določanje cen ni v skladu s splošnim razvojem trga za obogatitev urana, bo imela možnost sprejetja popravnih ukrepov, zlasti s povečanjem uvoza obogatenega urana iz Rusije.
The Commission expects that this will discipline the pricing behaviour of the parties.
Komisija pričakuje, da bo to uredilo gibanje cen, ki jih določata stranki.
The market test on balance indicated that, subject to some modification, the proposed commitments may be appropriate to remove the Commission’s concerns.
Na splošno je tržna analiza pokazala, da bi bile z nekaj spremembami predlagane obveznosti lahko ustrezne, da bi se odpravili pomisleki Komisije.
In the revised commitments dated 3 September 2004, the parties additionally undertook to enable the external auditors of ETC to report to the Commission as part of their regular annual audit, on the compliance with the elements of the commitments relating to the amendment of the shareholders’ agreement and construction of firewalls.
V popravljenih obveznostih z dne 3. septembra 2004 sta se stranki dodatno zavezali, da bosta zunanjim revizorjem ETC omogočili, da bodo v okviru redne letne revizije poročali Komisiji o skladnosti z obveznostmi, ki se nanašajo na spremembo dogovora delničarjev in vzpostavitvijo zapore informacij.
On 23 September 2004, the Advisory Committee on Concentrations gave a favourable opinion on the draft decision and gave approval to the adoption of the draft decision.
Svetovalni odbor za koncentracije je 23. septembra 2004 podal pozitivno mnenje o osnutku Odločbe in dal odobritev za sprejetje osnutka Odločbe.
In the light of the above, it was concluded that the commitments proposed by the parties modify the notified concentration to such an extent that the serious doubts of the Commission as to the compatibility of that concentration with the common market are removed.
Glede na navedeno je bilo sklenjeno, da obveznosti, ki sta jih predlagali stranki, spreminjajo priglašeno koncentracijo v takšnem obsegu, da so resni pomisleki Komisije glede združljivosti navedene koncentracije s skupnim trgom odpravljeni.
This is therefore declared compatible with the common market pursuant to Article 8(2) of the Merger Regulation and with the EEA Agreement pursuant to Article 57 thereof, subject to compliance with the Commitments
Zato se v skladu s členom 8(2) Uredbe o združitvah in Sporazumom EGP v skladu s členom 57 Sporazuma, pod pogojem, da se upošteva navedene obveznosti, koncentracija razglasi za združljivo s skupnim trgom.
OJ L 395, 30.12.1989, p. 1, corrigendum OJ L 257, 21.9.1990, p. 13; Regulation as last amended by Regulation (EC) No 1310/97 (OJ L 180, 9.7.1997, p. 1, corrigendum OJ L 40, 13.2.1998, p. 17).
UL L 395, 30.12.1989, str. 1; popravek UL L 257, 21.9.1990, str. 13; Uredba, kakor je bila nazadnje spremenjena z Uredbo (ES) št. 1310/97 (UL L 180, 9.7.1997, str. 1, popravek UL L 40, 13.2.1998, str. 17).
In HEU the content of U235 exceeds 20 % whereas for enriched uranium used in civil nuclear reactors the content of U235 amounts to approximately 3-5 %.
V visoko obogatenem uranu vsebnost U235 presega 20 %, medtem ko obogateni uran, ki se uporablja v civilnih jedrskih reaktorjih, vsebuje približno 3–5 % U235.
Tacit coordination on supply into the EU. Over and above the likely negative impact on prices resulting from the joint capacity decisions, the transaction may also facilitate tacit coordination on supply into the EU.
Tiha koordinacija dobave v EU Poleg verjetnega negativnega vpliva na cene, ki izhaja iz skupnih odločitev glede zmogljivosti, lahko transakcija tudi pospeši tiho koordinacijo dobave v EU.
For a certain time, the joint venture will essentially sell centrifuge equipment to its parent companies. However, considering the particularly long lead times prevailing in the nuclear industry, this could be regarded as an initial period, after which other operators can be expected to become ETC’s customers.
Nekaj časa bo mešana družba predvsem prodajala naprave za centrifugiranje matični družbi.
(Case COMP/M.3178 — Bertelsmann/Springer/JV)
(v zadevi COMP/M.3178 – Bertelsmann/Springer/JV)
(notified under document number C(2005) 1368)
(notificirano pod dokumentarno številko C(2005) 1368)
On 3 May 2005 the Commission adopted a Decision in a merger case under Council Regulation (EC) No 139/2004 of 20 January 2004 on the control of concentrations between undertakings [1], and in particular Article 8(1) of that Regulation.
Komisija je 3. maja 2005 na podlagi Uredbe Sveta (ES) št. 139/2004 z dne 20. januarja 2004 o nadzoru koncentracij podjetij [1], in zlasti člena 8(2) Uredbe sprejela odločbo glede združitve.
A non-confidential version of the full Decision can be found in the authentic language of the case and in the working languages of the Commission on the website of the Directorate-General for Competition, at the following address: http://europa.eu.int/comm/competition/index_en.html(1) On 4 November 2004, the Commission received a notification under Article 4 of Council Regulation (EC) No 139/2004 (‘the Merger Regulation’) a proposed concentration by which the German undertakings Bertelsmann AG (‘Bertelsmann’), its solely controlled subsidiary Gruner+Jahr AG & Co. KG (‘G+J’), and Axel Springer AG (‘Springer’), would acquire joint control of the German undertaking NewCo (‘NewCo’) by way of purchase of shares in a newly created company constituting a joint venture.
Različica, ki ni zaupna, je na voljo v verodostojnem jeziku zadeve in v delovnih jezikih Komisije na spletni strani Generalnega direktorata za konkurenco, na naslednjem naslovu: http://europa.eu.int/comm/competition/index_en.html(1) Komisija je 4. novembra 2004 prejela priglasitev predlagane koncentracije v skladu s členom 4 Uredbe Sveta (ES) št. 139/2004 („Uredba o združitvah“), s katero so nemška podjetja Bertelsmann AG („Bertelsmann“), njegova hčerinska družba pod izključnim nadzorom Gruner+Jahr AG & Co. KG („G+J“) in Axel Springer AG („Springer“), z nakupom delnic v novo nastali družbi, ki je mešana družba, prevzela skupni nadzor nad nemškim podjetjem NewCo („NewCo“).
Bertelsmann (and G+J) and Springer are collectively referred to as ‘the Parties’.
Bertelsmann (in G+J) ter Springer se skupno imenujejo „stranke“.
On 29 November 2004 the German competition authority, the Bundeskartellamt, informed the Commission that the proposed concentration would threaten to affect significantly competition, either in the German market for rotogravure printing, or, in the alternative in the German market for time-critical print products, in particular magazines.
Nemški organ za konkurenco, Bundeskartellamt, je 29. novembra 2004 obvestil Komisijo, da bi predlagana koncentracija lahko bistveno ogrozila konkurenco na nemškem trgu za globoki tisk ali na njegovi alternativi, na nemškem trgu za časovno kritične tiskane proizvode, zlasti revije.
By decision dated 23 December 2004, the Commission found that the notified operation raised serious doubts as to its compatibility with the common market and the functioning of the EEA Agreement.
Komisija je v odločbi z dne 23. decembra 2004 ugotovila, da priglašeno dejanje vzbuja resne pomisleke glede skladnosti s skupnim trgom in delovanjem Sporazuma EGP.
The Commission accordingly initiated proceedings in this case pursuant to Article 6(1)(c) of the Merger Regulation and decided that it should, by virtue of Article 9(3)(a) of the Merger Regulation, itself deal with the aspects raised by the German competition authority.
Komisija je zato v tej zadevi sprožila postopek v skladu s členom 6(1)(c) Uredbe o združitvah in odločila, da mora na podlagi člena 9(3)(a) Uredbe o združitvah sama obravnavati vidike, ki jih je sprožil nemški organ za konkurenco.
Bertelsmann is an international media company.
Bertelsmann je mednarodna medijska družba.
Its printing activities are concentrated in its subsidiary Arvato AG (‘Arvato’), which controls the German rotogravure printer maul-belser in Nuremberg, the offset printer Mohn Media in Guetersloh and various other printers in Europe, such as the rotogravure printers Eurogravure S.p.A. in Italy and Eurohueco S.A. in Spain.
Njegove tiskarske dejavnosti so skoncentrirane v njegovi hčerinski družbi Arvato AG („Arvato“), ki nadzoruje nemško rotacijo za globoki tisk maul-belser v Nurembergu, stroj za ofset tisk Mohn Media v Gueterslohu in različne druge stroje za tiskanje v Evropi, kot na primer rotacijo za globoki tisk Eurogravure S.p.A v Italiji in Eurohueco S.A v Španiji.
In addition, Arvato plans to start up a new rotogravure printing facility in Liverpool (UK) in the next two years.
Poleg tega Arvato namerava v naslednjih dveh letih ustanoviti nov obrat za globoki tisk v Liverpoolu (Združeno kraljestvo).
Furthermore, Bertelsmann’s solely controlled publishing arm G+J, active in the publishing, printing and distribution of newspapers and magazines, has two rotogravure printing facilities in Germany, located in Itzehoe (near Hamburg) and Dresden.
Bertelsmannova hčerinska družba pod izključnim nadzorom G+J, ki je dejavna na področjih založništva, tiskanja ter distribucije časopisov in revij, ima dva obrata za globoki tisk v Nemčiji, v Itzehoeu (v bližini Hamburga) in Dresdnu.
Springer is active in the publishing, printing and distribution of newspapers and magazines, and holds shares in television and radio broadcasters.
Springer je dejaven v založništvu, tiskarstvu ter distribuciji časopisov in revij ter ima v lasti delnice ponudnikov televizijskih in radijskih radiodifuznih storitev.
Springer operates two rotogravure printing facilities in Germany, namely in Ahrensburg (near Hamburg) and in Darmstadt.
Springer upravlja dva obrata za globoki tisk v Nemčiji, in sicer v Ahrensburgu (v bližini Hamburga) in v Darmstadtu.
It also operates three off-set printing facilities which print exclusively newspapers.
Upravlja tudi tri obrate za ofsetni tisk, ki tiskajo izključno časopise.
The concentration consists in the contribution to NewCo of Arvato’s, G+J’s and Springer’s five German rotogravure facilities and of Arvato’s planned rotogravure printing facility in the UK.
Koncentracija sestoji iz petih nemških obratov za globoki tisk podjetij Arvato, G+J in Springer ter iz načrtovanega obrata za globoki tisk v Združenem kraljestvu podjetja Arvato, ki so jih ta podjetja prispevala v NewCo.
Following the transaction, Bertelsmann and G+J will each hold an interest of 37,45 % in NewCo and Springer will hold the remaining 25,1 %, with veto rights relating to strategic decisions.
Na podlagi transakcije bosta imela Bertelsmann in G+J vsak 37,45-odstotni delež v NewCo, Springer pa bo imel preostalih 25,1-odstotni s pravico do veta pri sprejemanju strateških odločitev.
NewCo constitutes a full-function joint venture and is jointly controlled by Bertelsmann and Springer.
NewCo je popolno opravilno skupno podjetje in je pod skupnim nadzorom Bertelsmanna in Springerja.
The Advisory Committee on Concentrations, at its 131st meeting on 22 April 2005, with majority supported the Commission’s proposal to issue a clearance decision [2].
Svetovalni odbor za koncentracije je na svojem 131. sestanku z dne 22. aprila 2005 z večino podprl predlog Komisije za izdajo odločbe o odobritvi [2].
The Hearing Officer, in a report dated 27 April 2005, took the view that the right of the parties to be heard had been respected [3].
Pooblaščenec za zaslišanje je v poročilu z dne 27. aprila sprejel stališče, da je bila pravica do zaslišanja strank spoštovana [3].
Relevant Product Markets
Upoštevni geografski trgi
With respect to the relevant product markets, the Commission’s market investigation focused on the question whether and to what extent rotogravure and offset printing are interchangeable techniques and whether the different printing applications, namely magazines, catalogues and advertisements constitute separate product markets.
V zvezi z upoštevnimi proizvodnimi trgi se je raziskava trga Komisije osredotočila na vprašanje, ali in v kakšnem obsegu sta globoki tisk in ofsetni tisk medsebojno zamenljivi tehniki in ali različni tiskarski proizvodi, in sicer revije, katalogi in oglasi pomenijo ločene proizvodne trge.
The market investigation has shown that rotogravure printing can generally not be substituted by offset printing.
Raziskava trga je pokazala, da globokega tiska na splošno ni mogoče nadomestiti z ofsetnim tiskom.
Rotogravure printing is mainly used for large-volume print orders, i.e. print orders with a big number of copies and pages while the use of the offset method is largely restricted to smaller volumes.
Globoki tisk se uporablja predvsem za naročila za tiskanje velikega obsega, t.j. naročila za tiskanje z velikim številom izvodov in strani, medtem ko je ofsetna tehnika v veliki meri omejena na manjše količine.
The costs of a printing process strongly deviate for offset and rotogravure depending on the volume of a print order.
Stroški postopka tiskanja močno odstopajo pri ofsetnem in globokem tisku, odvisno od obsega naročila za tiskanje.
While rotogravure presses are characterised by comparatively higher fixed costs, they have a bigger capacity and higher performance and can therefore process large numbers of pages faster and more cost-efficiently.
Ker so za rotacije za globoki tisk značilni razmeroma visoki fiksni stroški, imajo zato večjo zmogljivost in boljšo storilnost in zato lahko hitreje in stroškovno bolj ugodno proizvedejo veliko število strani.
Offset printing presses are, moreover, more limited in the number of different pages they can print in one print-run (maximum 72 pages as compared to up to 192 pages in rotogravure).
Stroji za ofset tisk so bolj omejeni v številu različnih strani, ki jih lahko natisnejo pri enem tiskanju (največ 72 strani v primerjavi z do 192 strani v globokem tisku).
The market investigation has confirmed that offset printing does not constitute a competitive constraint for rotogravure printing of magazines with more than 64 pages and more than 360000 copies as well as for catalogues and advertisements with more than 64 pages and more than 450000 copies.
Raziskava trga je potrdila, da ofsetni tisk ne pomeni konkurenčnega pritiska globokemu tisku revij z več kot 64 stranmi in v več kot 360000 izvodih, in tudi tisku katalogov ter oglasov z več kot 64 stranmi in v več kot 450000 izvodih.
A rotogravure printing press can print magazines, advertisements and catalogues.
Rotacija za globoki tisk lahko tiska revije, oglase in kataloge.
Nevertheless, at least for magazines a separate product market exists.
Kljub temu obstaja vsaj za revije ločen proizvodni trg.