4.

Without prejudice to paragraph 2, the aggregate turnover of an undertaking concerned within the meaning of this Regulation shall be calculated by adding together the respective turnovers of the following: the undertaking concerned; those undertakings in which the undertaking concerned, directly or indirectly: owns more than half the capital or business assets, or (ii) has the power to exercise more than half the voting rights, or (iii) has the power to appoint more than half the members of the supervisory board, the administrative board or bodies legally representing the undertakings, or (iv) has the right to manage the undertakings' affairs; those undertakings which have in the undertaking concerned the rights or powers listed in (b); those undertakings in which an undertaking as referred to in (c) has the rights or powers listed in (b); those undertakings in which two or more undertakings as referred to in (a) to (d) jointly have the rights or powers listed in (b).

← (b) · All articles · (a) →

Source: EUR-Lex CELLAR · retrieved 2026-08-27 · Text as adopted (Official Journal); later amendments are not incorporated in this text.