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ELCONTROL TO TAKE MATSUSHITA ELECTRIC TO COURT

 BOLOGNA, Italy, Dec. 24 /PRNewswire/ -- The Japanese company, Matsushita Electric Work (NYSE: MC) is being sued for U.S.$20 million by its former Italian agent, Elcontrol Spa, it was reported today.
 Elcontrol has accused Matsushita of stealing its markets by seizing control of its sales network in Italy.
 The relationship between the two companies began in 1970. Elcontrol claims that it was given sole control of distribution in Italy and the distribution of industrial automation material in Europe -- but that, in the summer of 1989, Matsushita announced it intended to take over sales in Europe.
 Elcontrol says that, after negotiations, it was agreed that Matsushita would compensate Elcontrol for its commercial start-up costs, and Elcontrol would give up European distribution in order to concentrate on the Italian market.
 Elcontrol also accuses Matsushita of taking away its best clients, without paying any compensation.
 After filing a petition against the Japanese company, Elcontrol said it expected the Italian courts to adjudicate in March 1993.
 -0- 12/24/92
 /CONTACT: Sig. Roberto Casadio of Elcontrol Spa, Bologna, Italy, 39-51-869111/
 (MC)


CO: Elcontrol Spa; Matsushita Electric Work ST: IN: CPR SU:

PS -- NY002 -- 9794 12/24/92 07:59 EST
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Publication:PR Newswire
Date:Dec 24, 1992
Words:197
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