AkzoNobel fined following heat stabilisers investigation.Byline: news@cpifinancial.net (Staff Writer) AkzoNobel has confirmed that a fine of up to E40.6 million ($60.8 million) has been imposed by the European Commission following an investigation into price-fixing involving the company's former Tin Stabilizers (1987-2000) and Esbo/Esters (1991-2000) businesses. These businesses were divested in 2007. The company said it cooperated fully with the European Commission throughout the investigation and will now analyse the merits of the decision. The statutory period within which an appeal before the Court of First Instance can be lodged is two months. Given the company's pending review of the decision, AkzoNobel said it is currently unable to provide any certainty or guidance relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the timing of ultimate payment and the final amount. The company pointed out that it has a strict zero tolerance policy zero tolerance policy Substance abuse A stance taken by US government, that any type of drug abuse is punishable by incarceration. See Correctional facility, War on Drugs. throughout AkzoNobel for any anti-competitive behaviour. It said that its compliance program is "constantly updated to minimise the risks of non-compliance with our high ethical standards." 2009 CPI (1) (Characters Per Inch) The measurement of the density of characters per inch on tape or paper. A printer's CPI button switches character pitch. (2) (Counts Per I Financial. All rights reserved. Provided by Syndigate.info an Albawaba.com company |
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