HEIDELBERG, 08-Aug-2017 — /EuropaWire/ — Italcementi S.p.A., HeidelbergCement`s Italian subsidiary, today received notice of a fine decision of the Italian Competition Authority in an antitrust investigation mainly relating to alleged market coordination in the Italian grey cement markets including concerted price increases. The fine amounts to 84 million EUR. The alleged infringements relate to the period from June 2011 until January 2016, when Italcementi did not belong to HeidelbergCement Group. HeidelbergCement has precautionary informed the former controlling shareholder of Italcementi S.p.A. as the Share Purchase Agreement includes customary protection against such risks.
We take note of the decision. Italcementi will lodge an appeal against the Authority’s decision and the relevant fine, as Italcementi believes that the Authority’s alleged charges are unfounded both in fact and in law and is firmly convinced that it has acted in full compliance with antitrust legislation.
SOURCE: HeidelbergCement AG
MEDIA CONTACT
Andreas Schaller
Group Spokesman, Director Group Communication & Investor Relations
Tel: +49 6221 481 13249
Fax: +49 6221 481 13217
Andreas.Schaller@heidelbergcement.com
(IN BRIEF) The Australian Government has granted feasibility licences to Ørsted for its first offshore…
(IN BRIEF) Wood, a prominent consulting and engineering firm, has secured a new 23-month contract…
(IN BRIEF) NatWest Group and the Federation of Small Businesses (FSB) have joined forces to…
(IN BRIEF) Garanti BBVA International, a subsidiary of Garanti BBVA known for its sustainable financing…
(IN BRIEF) Britt Meelby Jensen, the CEO of Ambu A/S, is nominated to join the…
(IN BRIEF) The latest EY CEO Outlook Pulse survey reveals a nuanced perspective among CEOs,…