HeidelbergCement AG

EANS-Adhoc: HeidelbergCement defends itself against cartel fine

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In the cartel proceedings against German cement companies the Higher Court of Düsseldorf decided about the appeal of HeidelbergCement against an administrative fine order from 2003. The fine in the amount of 169.9 Mio EUR which was more than 80 Mio EUR below the original fine imposed essentially results from alleged incremental earnings caused by a cartel.

HeidelbergCement contests the basic findings of the facts as well as any incremental earnings. This applies mutatis mutandis for the pending civil damage claim. Regardless of that, appropriate provisions for contingencies exist.

The company already filed an appeal during the trial. Until the final legal decision of the Federal Supreme Court, which cannot be expected before 2010, there are no obligations to pay the fine or to provide for collaterals.

Heidelberg, 26 June 2009

The Managing Board

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ots Originaltext: HeidelbergCement AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Dr. Brigitte Fickel

Branche: Construction & Property
ISIN:      DE0006047004
WKN:        604700
Index:    Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX,
              Prime All Share
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Hamburg / free trade
              Hannover / free trade
              Stuttgart / regulated dealing
              Düsseldorf / regulated dealing
              München / regulated dealing

Weitere Meldungen: HeidelbergCement AG

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