Brief: Festi Receives Statement Of Objections From Icelandic Competition Authority

Festi hf

21/12/2023 09:05

Dec 21 (Reuters) - Festi hf  FESTI.IC :
    * HAS RECEIVED STATEMENT OF OBJECTIONS FROM ICELANDIC
COMPETITION
AUTHORITY FOR ALLEGEDLY BREAKING CONDITIONS IN DECISION NO.
8/2019
    * FESTI IS STILL OF OPINION THAT COMPANY HAS NOT BROKEN
CONDITIONS
OF AGREEMENT WITH ICA
    * PREPARATION TO RESPOND TO ALLEGATIONS HAS BEGUN
    * PRELIMINARY ASSESSMENT OF ICA IS THAT ALLEGED
INFRINGEMENTS ARE
SEVERE, SANCTIONS MAY BE IMPOSED
    * STATEMENT OF OBJECTIONS FROM ICA DOES NOT CONTAIN ANY
REGULATORY
DECISIONS OR IS IT IN ANY WAY BINDING

Source text for Eikon:  ID:nGNE6hlD0G 
Further company coverage:  FESTI.IC 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))