Decision of the General Court of the European Union regarding the fine imposed by the European Commission in the case concerning the automotive glass industry in Europe

Saint-Gobain has just learned of the decision of the General Court of the European Union to reduce from 880 million euros to 715 million euros the fine imposed by the European Commission in the case concerning the automotive glass industry in Europe for acts dating back to the late 1990s and early 2000s.   The initial amount of the penalty, and the interest relating thereto, is fully provisioned in the Group’s accounts.Saint-Gobain will examine the terms of the General Court’s judgment to decide on the action it intends to take on this issue.Saint-Gobain recalls that respect for the rules on antitrust law is an obligation that applies to all Group employees.

The principle of "zero tolerance" is regularly reiterated by General Management and remains an absolute requirement.

More about Saint-Gobain

Saint-Gobain, the world leader in the habitat and construction markets, designs, manufactures and distributes building and high-performance materials, providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2013 sales of €42.0 billion, Saint-Gobain operates in 64 countries and has nearly 190,000 employees. For more information about Saint-Gobain, please visit www.saint-gobain.com.

600450 Decision of the General Court of the European Union regarding the fine imposed by the European Commission in the case concerning the automotive glass industry in Europe glassonweb.com
Date: 28 March 2014
Source: www.saint-gobain.com

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