Compagnie de Saint-Gobain Decision of the General Court of the EU (3411D)
March 27 2014 - 5:22AM
UK Regulatory
TIDMCOD
RNS Number : 3411D
Compagnie de Saint-Gobain
27 March 2014
March 27, 2014
Decision of the General Court of the European Union regarding
the fine imposed by the European Commission in the case concerning
the automotive glass industry in Europe
Saint-Gobain has just learned of the decision of the General
Court of the European Union to reduce from 880 million euros to 715
million euros the fine imposed by the European Commission in the
case concerning the automotive glass industry in Europe for acts
dating back to the late 1990s and early 2000s.
The initial amount of the penalty, and the interest relating
thereto, is fully provisioned in the Group's accounts.
Saint-Gobain will examine the terms of the General Court's
judgment to decide on the action it intends to take on this
issue.
Saint-Gobain recalls that respect for the rules on antitrust law
is an obligation that applies to all Group employees. The principle
of "zero tolerance" is regularly reiterated by General Management
and remains an absolute requirement.
More about Saint-Gobain
Saint-Gobain, the world leader in the habitat and construction
markets, designs, manufactures and distributes building and
high-performance materials, providing innovative solutions to the
challenges of growth, energy efficiency and environmental
protection. With 2013 sales of EUR42.0 billion, Saint-Gobain
operates in 64 countries and has nearly 190,000 employees. For more
information about Saint-Gobain, please visit
www.saint-gobain.com.
Media relations Analyst/Investor relations
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Gaetano TERRASINI +33 1 47 62 32
Sophie CHEVALLON +33 1 47 62 52
30 48 Vivien DARDEL +33 1 47 62 44 29
Susanne TRABITZSCH +33 1 47 62 Alexandra BAUBIGEAT +33 1 47 62
43 25 30 93
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