Ad-hoc | 14 April 2003 10:46
HeidelbergCement AG
english
HeidelbergCement defends itself against cartel fine
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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HeidelbergCement defends itself against cartel fine
Today, HeidelbergCement received a penalty notice for EUR 251.5 million from
the Federal Cartel Office in the cartel proceedings against the German cement
industry. The central accusation amounts to participation for many years in
quota agreements in South Germany. The size of the fine results essentially
from expected incremental sales caused by a cartel.
The company disputes the significant part of the charges as well as any
incremental sales and will immediately lodge an appeal. The competent court is
unfettered in its assessment and appraisal of the facts and in no way committed
to the accusations of the cartel authority.
The company has created a provision that also represents an appropriate
provision for contingencies in the judgement of its auditor and the cartel
lawyers involved. There are no obligations to pay until the final legal
decision on the charges.
Heidelberg, 14 April 2003
The Managing Board
end of ad-hoc-announcement (c)DGAP 14.04.2003
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WKN: 604700; ISIN: DE0006047004; Index: MDAX
Listed: Amtlicher Markt in Düsseldorf, Frankfurt (Prime Standard), München und
Stuttgart; Freiverkehr in Berlin-Bremen, Hamburg und Hannover
141046 Apr 03