Henkel To Appeal Against French Antitrust Decision
08 Dezember 2011 - 11:48AM
Dow Jones News
German household consumer products maker Henkel AG & Co.
KGaA (HEN.XE) Thursday said it plans to appeal against a fine
imposed by France's antitrust authority for cartel
infringements.
"Henkel doesn't agree with either the fine or the legal
conclusions," Henkel said in a statement.
The company said it doesn't expect the ruling to have any impact
on its full-year guidance for 2011 or its financial targets for
2012.
Earlier Thursday, the French antitrust authority imposed a
combined fine of EUR361 million on laundry detergent makers Henkel,
Unilever NV (UNA.AE), Colgate Palmolive Co. (CL) and Procter &
Gamble Co. (PG) for forming a cartel between 1997 and 2004 to
coordinate prices to French retailers.
- By Harriet Torry, Dow Jones Newswires; +49 69 29725 511;
harriet.torry@dowjones.com
(Inti Landauro contributed to this article.)
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