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As Creation Tapeten: Court decides on amount of penalty in German anti-trust proceedings


Thursday, 12 Oct 2017 

Oct 12 (Reuters) - AS CREATION TAPETEN AG ::DGAP-ADHOC: DÜSSELDORF SUPREME COURT DECIDES ON AMOUNT OF PENALTY IN GERMAN ANTI-TRUST PROCEEDINGS.‍PENALTY ON CO AMOUNTED TO EUR 10.0 MILLION, WHILE PENALTIES AGAINST PERSONS AFFECTED TOTALLED EUR 0.5 MILLION​.‍SHOULD VERDICT BECOME FINAL, A.S. CRÉATION TAPETEN AG WILL POST AN EXPENSE AND CASH OUTFLOW OF EUR 11.9 MILLION​.‍WILL POST AN EXPENSE AND CASH OUTFLOW OF EUR 11.9 MILLION​.‍MANAGING BOARD CONSIDERS PENALTIES NOW IMPOSED TO BE DISPROPORTIONATELY HIGH AND INAPPROPRIATE​.‍MANAGING BOARD AND COMPANY'S LEGAL COUNSEL WILL JOINTLY EXAMINE WHETHER AN APPEAL SHOULD BE LODGED AGAINST VERDICT​. 

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