EANS-Adhoc: HeidelbergCement defends itself against cartel fine
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
Spin-offs
26.06.2009
In the cartel proceedings against German cement companies the Higher Court of Düsseldorf decided about the appeal of HeidelbergCement against an administrative fine order from 2003. The fine in the amount of 169.9 Mio EUR which was more than 80 Mio EUR below the original fine imposed essentially results from alleged incremental earnings caused by a cartel.
HeidelbergCement contests the basic findings of the facts as well as any incremental earnings. This applies mutatis mutandis for the pending civil damage claim. Regardless of that, appropriate provisions for contingencies exist.
The company already filed an appeal during the trial. Until the final legal decision of the Federal Supreme Court, which cannot be expected before 2010, there are no obligations to pay the fine or to provide for collaterals.
Heidelberg, 26 June 2009
The Managing Board
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Dr. Brigitte Fickel
+49(0)6221/481-255
brigitte.fickel@heidelbergcement.com
Branche: Construction & Property
ISIN: DE0006047004
WKN: 604700
Index: Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX,
Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Hannover / free trade
Stuttgart / regulated dealing
Düsseldorf / regulated dealing
München / regulated dealing
Original content of: Heidelberg Materials AG, transmitted by news aktuell