EU General Court Reduces Fine in Heineken Dutch Competition Case
(Thomson Reuters ONE) -
Amsterdam, 16 June 2011 - Heineken N.V. today announced that the General Court
of the European Union in Luxembourg has largely upheld the finding of the
European Commission dated 18 April 2007, which found that Heineken and other
Dutch brewers violated EU competition rules during the period 1996 - 1999.
However, the General Court has decided to reduce the initial fine of ?219
million imposed on Heineken in 2007 by ?22 million. In line with EU regulations,
the ?219 million fine was paid in full in July 2007 and reported as an
exceptional item at the time. The ?22 million refund announced today will be
treated as an exceptional item in the 2011 financial statements.
Jean-François van Boxmeer, Chairman of the Executive Board/CEO of Heineken N.V.
commented: "We are disappointed that the General Court has not accepted all of
our arguments, but we appreciate that the Court has reduced the amount of the
original fine."
Heineken will consider its options once it has studied the full text of the
Court's decision.
Heineken mandates 100 percent compliance with applicable competition law and the
company's competition law policy wherever it does business. For many years, the
company has implemented an ongoing global compliance programme, actively
involving all relevant employees.
Press enquiries
John-Paul Schuirink
Tel: +31 20 5239 355
john-paul.schuirink(at)heineken.com
Investor and analyst enquiries
Jan van de Merbel/George Toulantas
Tel: +31 20 5239 590
investors(at)heineken.com
About Heineken:
Heineken is one of the world's great brewers and is committed to growth and
remaining independent. The brand that bears the founder's family name - Heineken
- is available in almost every country on the globe and is the world's most
valuable international premium beer brand. The Company's aim is to be a leading
brewer in each of the markets in which it operates and to have the world's most
valuable brand portfolio. The Company is present in over 70 countries and
operates 140 breweries with volume of 205 million hectolitres of beer sold in
2010 on a pro-forma basis. Heineken is Europe's largest brewer and the world's
third largest by volume. Heineken is committed to the responsible marketing and
consumption of its more than 200 international premium, regional, local and
specialty beers and ciders. These include Amstel, Birra Moretti, Cruzcampo, Dos
Equis, Foster's, Kingfisher, Newcastle Brown Ale, Ochota, Primus, Sagres, Sol,
Star, Strongbow, Tecate, Tiger and Zywiec. On a 2010 pro-forma basis, including
FEMSA Cerveza, revenue totalled ?17 billion and EBIT (beia) was ?2.7 billion.
The average number of people employed is more than 70,000. Heineken N.V. and
Heineken Holding N.V. shares are listed on the Amsterdam stock exchange. Prices
for the ordinary shares may be accessed on Bloomberg under the symbols HEIA NA
and HEIO NA and on the Reuter Equities 2000 Service under HEIN.AS and HEIO.AS.
Most recent information is available on Heineken's website:
www.heinekeninternational.com.
Click here to open the press release.:
http://hugin.info/130667/R/1523772/459841.pdf
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Source: Heineken N.V. via Thomson Reuters ONE
[HUG#1523772]
Unternehmensinformation / Kurzprofil:
Datum: 16.06.2011 - 11:37 Uhr
Sprache: Deutsch
News-ID 55615
Anzahl Zeichen: 4079
contact information:
Town:
Amsterdam
Kategorie:
Business News
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"EU General Court Reduces Fine in Heineken Dutch Competition Case"
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