Consortium

A group of companies that cooperate and share resources in order to achieve a common objective.

Consortium

A group of independent companies participating in a joint venture for mutual benefit. Companies in a consortium cooperate with one another, often sharing technology as needed. A consortium allows the companies to conduct operations that they would not be able to do individually. It is important to note, however, that a consortium is not a merger and the companies remain independent.

consortium

A group of organizations that participate in a joint venture. Airbus Industrie, a European airplane manufacturer, is a consortium of four public and private corporations in Britain, France, Spain, and Germany.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

consortium

a group of independent companies or financial institutions which agree to work together jointly on some undertaking, for example the construction of an electricity power plant or the provision of a range of financial services, each contributing some particular resource input or expertise. In recent years, many TAKEOVERS of companies have been arranged on a consortium basis, with a view to breaking up the target company and sharing out its assets between the individual participants in the consortium. See CONTRACTOR.

consortium

a temporary grouping of independent firms, organizations and governments brought together to pool their resources and skills in order to undertake a particular project such as a major construction programme or the building of an aircraft, or to combine their buying power in bulk-buying factor inputs.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

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References in periodicals archive

With the OPS, the consortium has the right to match better offers submitted by other proponents once a Swiss challenge is undertaken for the project.

NEDA-ICC tackles rehab proposal of NAIA Consortium next month

Asbestos' way to the ring roadCintra bought the waste from a concessionaire, which owns the so-called Waste Mould in Bratislava."We bought recycled building material from the only supplier, believing it meets all the legal requirements," said Juan Jose Bregel, the consortium's representative, as quoted by Sme.

Carcinogenic asbestos found under the Bratislava ring road construction site

The estimated project cost for Ibri II Solar IPP is over US$400mn and the project will be built, owned and operated by the winning consortium. The project will be commercially operational by June 2021, Kiyumi added.

ACWA-LED CONSORTIUM WINS 500MW IBRI II SOLAR PROJECT

Jose Reverente, spokesperson for Naia Consortium, did not elaborate on specific negotiation points in the upcoming talks but he said they were keen on 'reaching common ground' with the DOTr.

DOTr, Naia Consortium ready talks on details of airport rehab proposal

consortium's of the offer is at a stage Group " Intu said it had not received an approach from the consortium, but added: "The board has formed an independent committee comprising all directors of Intu other than John Whittaker, who is connected to the consortium.

Property giant's bid to take over Trafford Centre ... and Arndale; NEW DEAL WOULD HAND INTU'S MALL BACK TO THE COMPANY THAT BUILT IT

'Given past production from the block, the consortium is confident the committed drilling program for two development wells and two appraisal wells will further enhance the field's long-term commercial value,' PetroEnergy stated.

PetroEnergy, partners to drill 4 wells in West Africa

The four school improvement providers are: | Central South Consortium Joint Education Service which works with Bridgend, Cardiff, Merthyr Tydfil, Rhondda Cynon Taf and Vale of Glamorgan councils; | GwE (Conwy, Denbighshire, Flintshire, Gwynedd, Wrexham and Anglesey councils); | South East Wales Education Achievement Service (Blaenau Gwent, Caerphilly, Monmouthshire, Newport and Torfaen councils); | ERW (Carmarthenshire, Neath and Port Talbot, Pembrokeshire, Powys and Swansea councils).

Under-fire consortia's future to be discussed at conference

The year 2017 had been extremely eventful for Campus Consortium. Through their Grant Programs, the consortium distributed over $10 million to more than 48 institutions around the world.

Campus Consortium Accepting First Round of 2018 Grant Applications

Keywords: Oily sludge; Consortium; Microbial; Alfalfa; Hydrocarbons; Remediation.

Quantifying the effect of microbial consortium and alfalfa to accelerate the degradation of oily sludge