Rosenbauer International AG

EANS-News: Rosenbauer International AG
Out-of-court settlement reached with German municipal umbrella organizations regarding fire fighting vehicle cartel / Affected municipalities to receive compensation
Rosenbauer Deutschland GmbH to ...

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Company Information

Leonding (euro adhoc) - Rosenbauer and two other manufacturers have signed a
settlement agreement with the German municipal umbrella organizations providing
for out-of-court restitution in connection with the fire fighting vehicle cartel
in Germany.

Rosenbauer has always taken an active role in helping to determine what, if any,
harm may have been caused by the fire fighting vehicle cartel. Under this
out-of-court agreement, all affected local authorities that procured certain
types of municipal vehicle between 2000 and the middle of 2004 are to receive
compensation, regardless of which of the four manufacturers (Rosenbauer
Feuerwehrtechnik Luckenwalde, Iveco Magirus, Schlingmann or Ziegler) they
procured the said vehicles from. To this end, a settlement fund totalling up to
6.738 Mio EUR is being set up.

Rosenbauer Deutschland GmbH will be allocating up to 2.016 Mio EUR in
restitution to this settlement fund, thereby making a substantial contribution
towards implementing the compensation settlement between the individual
municipalities and the companies concerned. In so doing, Rosenbauer Deutschland
GmbH will also be taking on a significant share of the compensation that would
have been due from the insolvent manufacturer Ziegler, which is not a party to
the settlement.

The municipal umbrella organizations recommend municipalities to accept the
settlement agreement and to sign up to the pertinent inter-municipality
agreement that details how the compensation settlement is to be implemented
between the individual municipalities and the companies concerned.

To ensure correct and proper handling of the contract award process, Rosenbauer
has established a Group-wide compliance program. In addition, Rosenbauer has won
the required certification from an independent institution, in this case ZertBau
GmbH, which verifies companies' fitness and reliability in the procurement
field. This is accomplished by annual inspections focusing on the requirements
to be fulfilled regarding personnel and/or organizational structures, and on
compliant conduct on the part of the company, leading to certification as
appropriate.


Further inquiry note:
Rosenbauer International AG
Mag. Gerda Königstorfer
Tel.: 0732/6794-568
gerda.koenigstorfer@rosenbauer.com

end of announcement                               euro adhoc 
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company:     Rosenbauer International AG
             Paschingerstrasse 90
             A-4060 Leonding
phone:       +43(0)732 6794 568
FAX:         +43(0)732 6794 89
mail:     ir@rosenbauer.com
WWW:      www.rosenbauer.com
sector:      Machine Manufacturing
ISIN:        AT0000922554
indexes:     WBI, ATX Prime
stockmarkets: free trade: Berlin, Stuttgart, official market: Wien 
language:   English
 



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