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European Joint Undertaking

Alternative labels (en):
In scheme: Broader: Definition (en):

Association of firms or individuals formed to undertake a specific business project. Under the EU competition rules, joint ventures are undertakings jointly controlled by two or more other undertakings. In practice, joint ventures encompass a broad range of operations, from merger-type operations to cooperation in relation to particular activities, such as research and development, production or distribution.

Scope note (en):

Combine with the related sectors or industries.