Asahi Glass Co., Ltd. And Its European Subsidiary AGC To Pay The Fine Imposed By The EU

Date: 7 February 2008
Source: AGC

Date: 7 February 2008

Asahi Glass Co., Ltd. and its European subsidiary AGC Flat Glass Europe SA (formerly Glaverbel) decided to pay the fine imposed by the European Commission in its decision dated November 29, 2007, concerning anticompetitive behavior in the flat glass sector in Europe in the amount of 65 million euros (approximately 10.3 billion yen).





After careful consideration of all relevant circumstances, including the fact that the European Commission in the decision has taken into account some of the companies’ key arguments and reflected this in the calculation of the amount of the fine, the companies decided not to lodge an appeal against such decision before the Court of First Instance of the European Communities.




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