Press release
21 Oktober 2022 - 7:30AM
Press release
Press release
As part of the judicial investigation underway
since 2018 relating to the so-called exemptions ("dérogations")
mechanism concerning several distributors and several suppliers of
electrical equipment, a Rexel Group entity has been placed under
formal investigation and required to set aside a bank guarantee of
20 million euros and a cash guarantee of 48 million euros to be
paid by January 15, 2023. This decision is a step in the procedure
which in no way prejudges Rexel's guilt. Rexel continues to
vigorously contest the basis and validity of this procedure and
intends to exercise the appropriate means of recourse to assert its
rights.
Rexel would like to point out that the
dérogation mechanism, which is transparent and known to all market
players, is standard practice in the world of professional
distribution of electrical equipment. This mechanism is a purchase
price reduction allowing Rexel to then propose to its customers the
most competitive offer, without calling into question its freedom
to determine its resale prices.
Rexel constantly strives to strictly comply with
applicable laws and regulations, and continues to strengthen and
update its ethics and compliance system in France and in all the
countries in which the Group is present.
CONTACTS
FINANCIAL ANALYSTS /
INVESTORS
Ludovic DEBAILLEUX |
+33 1 42 85 76 12 |
ludovic.debailleux@rexel.com |
PRESS
Brunswick: Thomas KAMM |
+33 1 53 96 83 92 |
tkamm@brunswickgroup.com |
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