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English definition of “consortium”

consortium

noun [C]     /kənˈsɔːtiəm/ (plural consortiums, consortia)
a group of companies , organizations , etc. that have joined together to work on a particular project : The 11-member consortium, led by BP, sought funding from public bodies such as the World Bank . The Severn Tidal Power Group is a consortium of big construction and electrical companies .form a consortium Any move to form a consortium of all the UK's naval shipyard facilities would put jobs at risk .
(Definition of consortium noun from the Cambridge Business English Dictionary © Cambridge University Press)
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