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2007-02-21 12:33:06 CET 2007-02-21 12:33:06 CET REGULATED INFORMATION KONE Oyj - Company AnnouncementEuropean Commission’s decision on local anticompetitive practices in the elevator and escalator industryThe European Commission started an investigation concerning anticompetitive practices in the elevator and escalator market in Europe in 2004. The outcome of the three-year process has been announced today. The Commission has found KONE’s subsidiaries in Belgium, Luxembourg, Germany and the Netherlands to have been involved in local anticompetitive practices prior to early 2004, and has imposed a EUR 142 million fine on KONE. The fine was imposed for anticompetitive practices in Germany and the Netherlands. KONE did not receive a fine in relation to Belgium and Luxembourg, as KONE was the first company to cooperate with the Commission regarding these countries. KONE will examine the Commission’s decision and decide on potential further action. Sender: KONE Corporation Klaus Cawén Minna Mars Executive Vice President Senior Vice President, Corporate Communications & IR For further information, please contact: Minna Mars, SVP, Corporate Communications & IR , tel. +358 20475 4501 KONE is one of the world’s leading elevator and escalator companies. It provides its customers with industry-leading elevators and escalators and innovative solutions for their maintenance and modernization. KONE also provides maintenance of automatic building doors. In 2006, KONE had annual net sales of EUR 3.6 billion and about 29,000 employees. Its class B shares are listed on the Helsinki Stock Exchange in Finland. www.kone.com |
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