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Asahi Glass: Receipt Of Statement Of Objections From The European Commission
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 Asahi Glass Co., Ltd. (AGC) confirms that its European subsidiary, AGC Automotive Europe S.A. received a Statement of Objections* on April 20, 2007 from the European Commission with respect to alleged anticompetitive behavior in the automotive glass sector in Europe.
The Statement of Objections follows inspections carried out by the European Commission at the premises of AGC Automotive Europe S.A. on February 22 and 23, 2005. As a parent company of AGC Automotive Europe S.A., AGC also received the Statement of Objections on April 23, 2007. Both companies will examine the European Commission’s preliminary findings as reported in the Statement of Objections and will respond in due course.
*Reference
A Statement of Objections is a procedural document whereby the European Commission communicates its preliminary view in relation to a possible infringement of EU competition law and allows its addressees to present arguments in response. A Statement of Objections is a preparatory document that does not prejudge the European Commission’s final decision. Any final decision by the European Commission is subject to appeal to the European Courts.
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April 24th, 2007
Photo: Asahi Glass
Source: Asahi Glass |
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