commiss decis june relat proceed pursuant articl eec treati iv metaleurop sa french german text authent eec commiss european commun regard treati establish european econom commun regard council regul februari regul implement articl treati amend act access spain portug articl thereof regard applic neg clearanc fail exempt submit august société minièr métallurgiqu de peñarroya sa franc preussag aktiengesellschaft germani transact decid compani view merg ferrou metal activ regard summari notif publish pursuant articl regul consult advisori committe restrict practic domin posit fact undertak undertak concern société minièr métallurgiqu de peñarroya sa hereinaft refer peñarroya french compani oper princip franc spain worldwid turnov ecu million ecu million common market preussag aktiengesellschaft hereinaft refer preussag german compani european worldwid oper worldwid turnov ecu million ecu million common market subject transact april preussag peñarroya decid hand merg ferrou metal activ view strengthen industri posit undertak creat entiti metaleurop sa merger metal activ preussag ag set hold compani metaleurop gmbh metal subsidiari electrolyt zinc smelter lead smelter secondari lead process activ galvan special metal sector june peñarroya proceed capit increas ff million issu share fulli subscrib preussag fund receiv enabl peñarroya acquir share abovement hold compani metaleurop gmbh entiti metaleurop sa princip sharehold entiti french hold compani imet imet long time larg hold peñarroya reduc end march public purchas offer increas ff million peñarroya capit present ordinari extraordinari gener meet held novemb purpos bring imet hold approxim peñarroya issu subscript right capit sum ow peñarroya imet result oper main sharehold peñarroya metaleurop sa preussag imet capit remain held public commerci side metaleurop oper separ parent compani manag bodi supervisori board compos member member preussag imet independ member board director member preussag imet peñarroya market affect transact merger preussag peñarroya concern zinc lead market econom sector featur zinc lead market zinc product commun tonn consumpt total tonn spite product larg quantiti import commun export high lead product consumpt commun roughli balanc total tonn import high preussag peñarroya held import posit market question zinc market preussag peñarroya held approxim market preussag close recycl zinc process plant harlingerod keep furnac oper year test reduc market share metaleurop hold market compet european produc commun market union minièr approxim budelco asturiana del zinc nuova samin am produc commun lead preussag peñarroya held approxim market result merger compani metaleurop sa lead manufactur europ hold market compet commun manufactur britannia refin metal nuova samin metallgesellschaft smaller secondari lead produc produc commun metaleurop hold larg share market suffici competit market lead ow presenc larg number produc fact consum obtain suppli commun low rate custom duti product price format lead zinc price form basi price quot london metal exchang lme oper exchang warehous product deliv collect lead market sell price base exclus price quot lme lme price definit influenc zinc price decis eec commiss prohibit joint fix zinc produc price appli juli octob joint action european produc influenc price zinc london metal exchang decis note produc price undertak introduc prevent violent fluctuat specul increas lme price longer appli europ metal bulletin regularli publish decemb european produc price base sell price quotat obtain smelter mine suppli zinc zinc concentr process europ bulletin ceas publish inform comment receiv commiss public notic pursuant articl council regul invit interest parti submit observ oper question ii legal assess articl articl prohibit incompat common market abus undertak domin posit common market substanti part thereof affect trade member state preussag acquir hold peñarroya subscrib increas capit compani transact achiev transfer peñarroya al preussag metal activ previous group hold compani capit increas reserv imet major sharehold peñarroya chang metaleurop sa metaleurop place peñarroya compris metal activ own preussag peñarroya prior concentr metal activ undertak question held larg share commun zinc lead market peñarroya market share zinc approxim preussag region market lead peñarroya held approxim whilst preussag approxim result parti held domin posit market product form subject merger question exclud applic case law court justic continent case size merger peñarroya preussag econom entiti metaleurop approxim zinc market lead market prevent mainten effect competit commun market chiefli presenc major produc continu flow larg number import commun member countri similarli characterist price format lead zinc sector essenti specul natur transact lme make highli metaleurop decis influenc format price ground concern oper question effect imped effect competit contrari provis articl neg clearanc issu accord articl regul adopt decis articl basi fact possess commiss ground action pursuant articl eec treati respect transact decid april preussag peñarroya articl decis address preussag aktiengesellschaft leibnitzuf hannov feder republ germani metaleurop sa péripol rue roger salengro fontenai sou boi cedex franc brussel june commiss leon brittan vice presid oj oj oj metal bulletin judgment court februari case ecr