Outokumpu Oyj - the fine related to copper sanitary tube cartel remains unchanged
(Thomson Reuters ONE) -
STOCK EXCHANGE RELEASE
May 19, 2010 12.10 pm EET
In the autumn 2004, the European Commission imposed a fine of EUR 36 million for
Outokumpu for the participation in copper sanitary tube cartel. Outokumpu
appealed to the General Court (previously known as the Court of First Instance
for Europe) regarding the level of the fine. According to the Court decision on
May 19, 2010 the fine remains unchanged.
Outokumpu paid the fines in 2009 which means that the decision will have no
impact on the Group's profit or cash flow.
Outokumpu has exited from the copper fabrication business by divesting the major
part of the business in 2005 and the remaining in 2008.
For more information please contact:
Päivi Lindqvist, SVP Communications & Investor Relations, tel. +358 9 421 2432,
mobile +358 40 708 5351
OUTOKUMPU OYJ
Outokumpu is a global leader in stainless steel with the vision to be the
undisputed number one. Customers in a wide range of industries use our stainless
steel and services worldwide. Being fully recyclable, maintenance-free, as well
as very strong and durable material, stainless steel is one of the key building
blocks for sustainable future. Outokumpu employs some 7 500 people in more than
30 countries. The Group's head office is located in Espoo, Finland. Outokumpu is
listed on the NASDAQ OMX Helsinki.
www.outokumpu.com
[HUG#1417163]
ENG Cartel decision: http://hugin.info/3010/R/1417163/367657.pdf
Unternehmensinformation / Kurzprofil:
Datum: 19.05.2010 - 11:10 Uhr
Sprache: Deutsch
News-ID 21139
Anzahl Zeichen: 0
contact information:
Town:
Espoo
Kategorie:
Business News
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