Brief: Eimskip And Icelandic Authority Reach Settlement In Competition Case
17/06/2021 06:50
June 17 (Reuters) - Eimskipafelag Islands hf EIMS.IC :
* SAID ON WEDNESDAY EIMSKIP AND ICELANDIC COMPETITION
AUTHORITY
HAVE REACHED SETTLEMENT IN COMPETITION CASE THAT HAS BEEN UNDER
INVESTIGATION FOR THE PAST YEARS
* MAIN PERIOD OF INVESTIGATION WAS 2008 TO 2013
* WITH THE SETTLEMENT, IT IS ACKNOWLEDGED THERE WAS
COMMUNICATION
AND COLLUSIVE BEHAVIOR WITH SAMSKIP DURING THE INVESTIGATION
PERIOD
* AS A RESULT, EIMSKIP AGREES TO PAY A FINE AMOUNTING TO ISK
1.5
BLN OR APPROXIMATELY EUR 10 MLN
* SETTLEMENT CONCLUDES THE INVESTIGATION TOWARDS EIMSKIP AND
THERE
WILL BE NO FURTHER INVESTIGATION OR PROCEEDINGS AGAINST CO OR
ITS EMPLOYEES
Source text for Eikon: urn:newsml:reuters.com:*:nGNE9hFtls
Further company coverage: EIMS.IC
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