In a company announcement to the Danish Financial Supervisory Authority (No. 08-2014, 30 April 2014) the European Court of Justice has ruled that the penalty imposed on
As announced in 2005 the European Commission ruled that FLSmidth & Co and the subsidiary company FLS Plast were to be held partly liable with regards to a cartel penalty on a formerly FLSmidth-owned French company then named Silvallac S.A (later Trioplast Wittenheim).
FLSmidth has appealed the cartel decision twice, latest in March 2012, where the General Court reduced FLSmidth & Co’s and the subsidiary company FLS Plast’s partly liability for this penalty. The liability was reduced from €15.3 million to €14.45 million.
The judgement concerning FLS Plast is still pending.
The group's guidance for 2014 will not be affected by the penalty.
