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Tue, Jul 16, 2019 02:26
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The General Court of the European Union has dismissed Huhtamaki's appeal against the European Commission's 2015 decision on anticompetitive behavior

ESPOO, Finland (News release) -- In June 2015 the European Commission announced the outcome of its investigations concerning alleged anticompetitive behavior in the markets of plastic trays used for retail packaging of fresh food during years 2000-2008 and found certain of Huhtamaki's former operations to have been involved in anticompetitive practices. Based on infringements in North-West Europe and France during years 2002-2006 the European Commission imposed a EUR 15.6 million fine on Huhtamaki. The fine and legal costs of EUR 2.7 million were recognized as a non-recurring expense in the Group's Q2 2015 result and the payment of fine was made during Q3 2015.

Huhtamaki announced in July 2015 that it had decided to launch an appeal against the European Commission's decision before the General Court of the European Union. The General Court has today dismissed Huhtamaki's appeal.

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