Brief: Uponor Infra And Uponor Suomi Deny Claims Of The Finnish Competition And Consumer Authority Regarding The Breaches Of Competition Act

Uponor Oyj

08/09/2022 10:36

Sept 8 (Reuters) - Uponor Oyj  UPONOR.HE :
    * REG-UPONOR INFRA OY AND UPONOR SUOMI OY DENY THE CLAIMS OF
THE
FINNISH COMPETITION AND CONSUMER AUTHORITY REGARDING THE
BREACHES OF COMPETITION ACT
    * HAS TODAY RECEIVED INFORMATION THAT FINNISH COMPETITION
AND
CONSUMER AUTHORITY (FCCA) WILL PROPOSE THAT MARKET COURT WOULD
IMPOSE COMPETITION INFRINGEMENT FINES TO ITS SUBSIDIARIES UPONOR
INFRA OY (EUR 8.5 MILLION) AND UPONOR SUOMI OY (EUR 5 MILLION)
CONCERNING ALLEGED VIOLATIONS OF COMPETITION ACT
    * UPONOR DEEMS CLAIMS TO BE WITHOUT FOUNDATION
    * UPONOR'S SUBSIDIARIES UPONOR INFRA OY AND UPONOR SUOMI OY
HAVE
NOT PARTICIPATED IN ACTIONS VIOLATING COMPETITION LAW NOR
ACCEPTS SUCH BEHAVIOUR
    * COMPANY WILL NOW CAREFULLY STUDY PROPOSAL OF FCCA AND
PREPARES
ITS PLEA TO MARKET COURT. MARKET COURT WILL DECIDE ON POSSIBLE
PENALTY PAYMENT
    * UPONOR HAS CURRENTLY NO KNOWLEDGE OF SCHEDULE OF LEGAL
PROCEEDINGS GOING FORWARD

Source text for Eikon:  ID:nGNE8xQ7SJ 
Further company coverage:  UPONOR.HE 

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