Brief: Wilh Wilhelmsen Holding: Two joint ventures fined by Chinese regulator

Wilh Wilhelmsen Holding ASA

28/12/2015 07:45

Dec 28 (Reuters) - Wilh Wilhelmsen Holding ASA  WWI.OL : 
    * EUKOR Car Carriers and Wallenius Wilhelmsen Logistics receives 284.7 million yuan ($44 
million) and 45.1 million yuan ($7 million) respectively in fines from China's National 
Development and Reform Commission (NDRC) 
    * EUKOR Car Carriers is owned 40 pct by Wilh Wilhelmsen ASA  WWASA.OL , Wallenius Wilhelmsen 
Logistics is owned 50 pct by Wilh Wilhelmsen ASA 
    * NDRC's investigation concluded that EUKOR and WWL engaged in agreements prohibited by the 
Chinese anti-monopoly law causing restriction on competition in the Chinese market 
 
Source text: http://bit.ly/1YHKLwo 
     
Further company coverage:  WWI.OL  
 
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