Brief: As Creation Tapeten: Court decides on amount of penalty in German anti-trust proceedings

AS Creation Tapeten AG

12/10/2017 10:44

Oct 12 (Reuters) - AS CREATION TAPETEN AG  ACWNn.DE : 
    * DGAP-ADHOC: DÜSSELDORF SUPREME COURT DECIDES ON AMOUNT OF 
PENALTY IN GERMAN ANTI-TRUST PROCEEDINGS 
    * PENALTY ON CO AMOUNTED TO EUR 10.0 MILLION, WHILE 
PENALTIES AGAINST PERSONS AFFECTED TOTALLED EUR 0.5 MILLION 
    * SHOULD VERDICT BECOME FINAL, A.S. CRÉATION TAPETEN AG 
WILL POST AN EXPENSE AND CASH OUTFLOW OF EUR 11.9 MILLION 
    * WILL POST AN EXPENSE AND CASH OUTFLOW OF EUR 11.9 
MILLION 
    * MANAGING BOARD CONSIDERS PENALTIES NOW IMPOSED TO BE 
DISPROPORTIONATELY HIGH AND INAPPROPRIATE 
    * MANAGING BOARD AND COMPANY'S LEGAL COUNSEL WILL JOINTLY 
EXAMINE WHETHER AN APPEAL SHOULD BE LODGED AGAINST VERDICT 
 
Source text for Eikon:  ID:nEQ9hFp21a  
Further company coverage:  ACWNn.DE  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 722 0920;))