DGAP-Adhoc: BayWa agrees on settlement with Federal Cartel Office

2019. december 31., kedd, 13:44





DGAP-Ad-hoc: BayWa AG / Key word(s): Miscellaneous


BayWa agrees on settlement with Federal Cartel Office


31-Dec-2019 / 13:44 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




BayWa agrees on settlement with Federal Cartel Office



BayWa Aktiengesellschaft



Disclosure of inside information pursuant to Art. 17 of the Market Abuse Regulation (MAR)



Munich, 31 December 2019



BayWa AG today reached an agreement with the Federal Cartel Office on the amicable settlement of administrative proceedings against payment of a fine up to €68.6 million. The Federal Cartel Office"s reproach was that an individual employee who used to work for BayWa AG had agreed with representatives of other wholesalers in Germany in the field of plant protection on a uniform calculation of gross list prices for plant protection products.



For reasons of legal certainty for the shareholders and the Company, BayWa has decided to end the proceedings on the basis of a settlement in order to avoid lengthy legal disputes with corresponding risks.



An impact on earnings in 2019 arising from this settlement with the Federal Cartel Office will be fully offset by extraordinary income from various sales of shareholdings.



BayWa AG



Management Board



BayWa Aktiengesellschaft, Arabellastraße 4, 81925 Munich, www.baywa.de

WKN 519406 // ISIN DE0005194062; WKN 519400 // ISIN DE0005194005






Contact:

Marion Danneboom, BayWa AG, Head of PR/Corporate Communications/Public Affairs,

tel. +49 (0)89/92 22-36 80, Fax +49 (0)89/92 12-36 80,

e-mail: marion.danneboom@baywa.de








31-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: BayWa AG

Arabellastraße 4

81925 Munich

Germany
Phone: 089/ 9222-3691
Fax: 089/ 9212-3680
E-mail: marion.danneboom@baywa.de
Internet: www.baywa.de
ISIN: DE0005194062, DE0005194005,
WKN: 519406, 519400,
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 945267





 
End of Announcement DGAP News Service




945267  31-Dec-2019 CET/CEST







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