Campine NV: Decision in EU investigation
09 February 2017 - 3:54AM
Regulatory
information - Inside information
Campine - amongst other players in
the lead recycling market - has received today the decision of the
European Commission regarding an investigation into alleged
violation of competition rules in the market of lead recycling.
Throughout the investigation,
Campine has co-operated with the Commission in a transparent,
professional and comprehensive manner at any time.
Though Campine - as mentioned
before - has always acted in line with the European Commission's
law and regulations implementing the circular economy strategy, the
Commission issued a fine of EUR 8.158.315 to Campine. Extensive
information has been brought to the attention of the Commission in
order to prove Campine's compliance with the law and
regulations.
The fine should not have an impact
on the short term continuity and will be integrated in the results
of the financial year 2016 which are not yet finalized. No
provision was set up in the past - as communicated in the interim
financial report of 30 June 2016.
The trading of the Campine share
on Euronext Brussels was suspended after the decision.
Campine is in complete
disagreement with the decision and will undertake immediate action
to appeal against this decision in front of the General Court of
Luxembourg.
The company wishes to publicly
express its determination to try to continue contributing largely
to the growth of the circular economy in Europe and preserving
employment in Flanders.
170208 Decision in EU
investigation
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Campine NV via Globenewswire
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