Concern (business)
A concern (German: Konzern, Cyrillic: Концерн) is a type of business group common in Europe, particularly in Germany. It results from the merger of several legally independent companies an economic entity under unified management. These associated companies called "Group" companies.
A Group consists of a parent company and one or more subsidiaries. A special form of organisation of Groups, the Holding Organisation.
Outside of professionals, the term Group, also mistakenly within the meaning of large companies – regardless of its corporate structure – is understood.
The Group concept is one of anti-trust relevance: the so-called Group privilege, the privilege of the consolidated Group companies involved, means that in itself, prohibition included practices did not violate German or European Commission (EC) anti-trust law. On the other hand, the group concept in Banking Act in the formation of borrower unit and particularly of the large credit limits of paramount importance.
Read more about Concern (business): The Legal Group – Term, Business Group Forms, Criticism of Corporations, See Also
Famous quotes containing the word concern:
“Our concern for the loss of our friends is not always from a sense of their worth, but rather of our own need of them—and that we have lost some who had a good opinion of us.”
—François, Duc De La Rochefoucauld (1613–1680)