The European Commission's decision on anticompetitive behavior in the markets of plastic trays used for retail packaging
HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 24.6.2015 AT 13:40
The European Commission's decision on anticompetitive behavior in the markets of plastic trays used for retail packaging
In September 2012 Huhtamäki Oyj received the European Commission's statement of objections concerning alleged anticompetitive behavior in the markets of plastic trays used for retail packaging of fresh food during years 2000-2008. The European Commission has today announced the outcome of its investigations.
The European Commission has found certain of Huhtamaki's former operations to have been involved in anticompetitive practices. The concerned operations are no longer part of Huhtamaki as they were part of the Group's rigid consumer goods business in Europe that was closed down or divested in years 2006 and 2010. Based on infringements in North-West Europe and France during years 2002-2006 the European Commission has imposed a EUR 15.6 million fine on Huhtamaki. The fine and related legal costs of approximately EUR 2 million will be recognized as a non-recurring expense in the Group's Q2 2015 result.
Huhtamaki will examine the European Commission's decision and decide on potential further actions.
For further information, please contact:
Sami Pauni, SVP, Corporate Affairs and Legal, Group General Counsel, tel. +358 10 686 7872
Katariina Hietaranta, Head of Group Communications, tel. +358 10 686 7863
HUHTAMÄKI OYJ
Group Communications
Huhtamaki is a global specialist in packaging for food and drink. With our network of 68 manufacturing units and 23 sales offices in 34 countries, we're well placed to support our customers' growth wherever they operate. Mastering three distinctive packaging technologies, approximately 16,000 employees develop and make packaging that helps great products reach more people, more easily. In 2014 our net sales totaled EUR 2.2 billion. The Group has its head office in Espoo, Finland and the parent company Huhtamäki Oyj is listed on NASDAQ OMX Helsinki Ltd. Additional information is available at www.huhtamaki.com.