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2012-07-11 15:35:03 CEST 2012-07-11 15:36:03 CEST REGLERAD INFORMATION SEB Bankas AB - Notification on material eventRegarding the Statment of Objections received from the Competition Council of the Republic of LithuaniaVilnius, Lithuania, 2012-07-11 15:35 CEST (GLOBE NEWSWIRE) -- On 10 July 2012 AB SEB bankas received from the Competition Council of the Republic of Lithuania (hereinafter the Competition Council) the Statement of Objections on the investigation performed regarding compatibility of the actions of AB SEB bankas and several other entities with the requirements of the Article 5 of the Competition Law of Republic of Lithuania and requirements of the Article 101 of the Treaty on the Functioning of European Union (hereinafter the Statement of Objections). According to the preliminary view of the investigators who prepared the Statement of Objections, the actions of AB SEB bankas allegedly harmed competition in cash handling and collection services markets. The sending of the Statement of Objections to the parties involved in the investigation does not mean that it is already determined that the infringement was made by AB SEB bankas and the findings of the investigation do not restrain the Competition Council taking the final decision after completing all the procedures associated with this investigation. If the Competition Council acknowledges the evidence of the infringement to be sufficient, it may require AB SEB bankas to cease the infringement and impose the fine up to 10 percent of the total annual revenue of the last financial year. This notification is non-confidential. Raimondas Kvedaras, President of AB SEB bankas. 11 July 2012, Vilnius Arvydas Žilinskas, Head of Media Relations of AB SEB bankas, tel. +370 5 268 1198, is authorized to provide additional information regarding the material event. |
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