Traduction de «Concentrazione di società » (Italien → Anglais) :

T. whereas the market concentration of farm input suppliers is very high, with six companies controlling nearly 75% of the agrochemicals market and three companies controlling over 45% of the seeds market; whereas this concentration contributes to maintaining high seed prices and has a substantial negative impact on crop diversity, and whereas the involvement of farmers in the development of price trends is limited; whereas there is high market concentration not only upstream but also in the food (retail) trade, which places farming under additional cost pressure;

3. In the cases referred to in points (a) and (b) of paragraph 2, where the participating insurance or reinsurance undertaking or the insurance holding company or mixed financial holding company which has its head office in the Union is either a related undertaking of, or is itself a regulated entity or a mixed financial holding company which is subject to supplementary supervision in accordance with Article 5(2) of Directive 2002/87/EC, the group supervisor may, after consulting the other supervisory authorities concerned, decide not to carry out the supervision of risk concentration referred to in Article 244 of this Directive, the sup ...[+++]ervision of intra-group transactions referred to in Article 245 of this Directive, or both, at the level of that participating insurance or reinsurance undertaking or that insurance holding company or mixed financial holding company.

2. Where the ultimate parent insurance or reinsurance undertaking or insurance holding company or mixed financial holding company which has its head office in the Union, as referred to in paragraph 1, is a subsidiary undertaking of an undertaking which is subject to supplementary supervision in accordance with Article 5(2) of Directive 2002/87/EC, the group supervisor may, after consulting the other supervisory authorities concerned, decide not to carry out the supervision of risk concentration referred to in Article 244, the supervision of intra-group transactions referred to in Article 245, or both, at the level of that ultimate parent ...[+++] undertaking or company’.

Moreover, as regards competition, what we are witnessing is more a powerful trend towards concentrations of companies and the establishment of a market of oligopolies and cartels rather than of a genuinely competitive market.

This ‘clustering’ of consumers is important to act as a counter balance to market concentration amongst utilities.

However, there are three cases in which acquisition of a controlling interest does not constitute a concentration, i.e (a) the acquisition of securities by companies whose normal activities include transactions and dealing in securities; (b) where control is acquired by an office-holder according to the law of a Member State; and (c) where a financial holding company acquires control, provided that this company does not have voting rights.