AkzoNobel fined following heat stabilizers investigation
(Thomson Reuters ONE) - AkzoNobel has today confirmed that a fine of up to ?40.6 million hasbeen imposed by the European Commission following an investigationinto price-fixing involving the company's former Tin Stabilizers(1987-2000) and Esbo/Esters (1991-2000) businesses. These businesseswere divested in 2007.The company has cooperated fully with the European Commissionthroughout the investigation and will now analyze the merits of thedecision. The statutory period within which an appeal before theCourt of First Instance can be lodged is two months.Given the company's pending review of the decision, AkzoNobel iscurrently unable to provide any certainty or guidance relating to thetiming of ultimate payment and the final amount.The company stresses that it has a strict zero tolerance policythroughout AkzoNobel for any anti-competitive behavior. Itscompliance program is constantly updated to minimize the risks ofnon-compliance with our high ethical standards.- - -AkzoNobel is proud to be one of the world's leading industrialcompanies. Based in Amsterdam, the Netherlands, we make and supply awide range of paints, coatings and specialty chemicals - 2008 revenuetotaled ?15.4 billion. In fact, we are the largest global paints andcoatings company. As a major producer of specialty chemicals wesupply industries worldwide with quality ingredients for life'sessentials. We think about the future, but act in the present. We'repassionate about introducing new ideas and developing sustainableanswers for our customers. That's why our 58,000 employees - who arebased in more than 80 countries - are committed to excellence anddelivering Tomorrow's Answers Today(TM).Not for publication - for more informationCorporate Media Relations, tel. +31 20 502 7833Corporate Investor Relations, tel. +31 20 502 7854Contact: Tim van derZanden Contacts:Huib Wurfbain and Ivar Smitshttp://hugin.info/130660/R/1354248/328310.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 11.11.2009 - 13:14 Uhr
Sprache: Deutsch
News-ID 8230
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 278 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"AkzoNobel fined following heat stabilizers investigation"
steht unter der journalistisch-redaktionellen Verantwortung von
Akzo Nobel NV (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
