EANS-Adhoc: Villeroy & Boch AG
European Commission imposes fine
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
Antitrust Issues
23.06.2010
Ad-hoc notification
Mettlach, 23 June 2010
Villeroy & Boch AG: European Commission imposes fine
The European Commission announced in Brussels today that it has imposed a fine totalling EUR 71.5 million on Villeroy & Boch AG, Mettlach, and its subsidiaries in Belgium, Austria and France. The decision was directed against 17 manufacturers of taps, shower screens and bathroom ceramics. Villeroy & Boch is charged, as a manufacturer of bathroom ceramics, with participating in concerted practices in Germany, Belgium, Austria and France from 1994 to 2004.
The justification for the order imposing the fine has not yet been delivered to Villeroy & Boch. As a result, Villeroy & Boch is not at present in a position to examine the merits of the case and the fixing of the fine. The Company will undertake a review of the order and will probably appeal. Appropriate reserves will be set aside in the semi-annual report.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Press Office: Almut Hähner-Ural, Villeroy & Boch AG
Tel.: +49 (0)6864 - 81 13 97
haehner-ural.almut@villeroy-boch.com
Branche: Consumer Goods
ISIN: DE0007657231
WKN: 765723
Index: CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade
Original-Content von: Villeroy & Boch AG, übermittelt durch news aktuell