125The Court of Justice has consistently held that, for the purposes of European Union competition law, the concept of an undertaking covers any entity engaged in an economic activity, regardless of the legal status of the entity or the way in which it is financed. That concept must be understood as covering an economic unit, even if, from a legal perspective, that unit is made up of a number of natural or legal persons (see, inter alia, Commission v Siemens Österreich and Others and Siemens Transmission & Distribution and Others v Commission, paragraph 43).
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