Conglomerate

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Conglomerate

A corporation operating in several different and unrelated enterprises, such as the movie industry, baking, and oil refining.

A conglomerate merger is one that brings together two firms with totally different product lines, economic relationships, and functions. Such a merger may violate antitrust acts inasmuch as it may have an adverse effect on competition.

References in periodicals archive ?
The proposal is also seen to be an effective consolidation of a bank's exposure to conglomerates, thereby counting SBL as 'one for all' even if these are distinct entities with individual businesses, said the official of one big conglomerate.
This time, however, he is reportedly considering a smaller event involving the leaders of the nation's 30 largest conglomerates.
These included Financial Conglomerates Supervision, Governor's Office, Islamic Banking and Takaful, Financial Surveillance, Financial Sector Development, Financial Intelligence and Bank Regulation Departments, it said.
itself into a diversified conglomerate with businesses in telecommunications, property, banking, water distribution, automotive, industrials, energy, infrastructure, hospitals and education.
The conglomerates are Diamictite, mostly clasts are derived from igneous origin.
As a result, the conglomerate decided to announce the appointments of top executives in November 2017. 
Seoul: Hyundai Motor Group appointed heir apparent Euisun Chung as chief vice chairman on Friday, moving him a step closer to succeeding his father as head of South Korea`s second largest conglomerate.
The chairman of South Korea's LG Group, Koo Bon-moo, instrumental to transforming the country's fourth-largest conglomerate into a global brand, passed away on Sunday after a year-long battle with brain disease.
Predictions that conglomerates would wither have always been mistaken, he argues.
The criterion of multi-word hyphenation is discussed in relation to the economy principle as well as the stipulation that signifiers in conglomerates are compact as in a whodunit.
The financial regulator in Indonesia has said that it will issue rules in September to manage systemic risk at financial conglomerates, according to Reuters.