concern
Sign in to savetype of business grouping, particularly in Europe
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Encyclopedic overview
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A concern (German: Konzern [kɔnˈtsɛʁn] ) is a type of business group common in Europe, particularly in Germany. It results from the merger of several legally independent companies into a single economic entity under unified management.
Excerpted from Wikipedia’s “concern” article, available under the CC BY-SA 4.0 licence.