court-sue-generic

Forbo to pay €75m in French anti-trust case

Baar, Switzerland – Forbo will take a €75-million charge as a result of anti-trust proceedings against major flooring-systems manufacturers in France, the Swiss company has announced.

The anti-trust case, which has been ongoing since 2013, has now been concluded, said a 19 Oct statement from the Baar-based company.

Forbo said it had made a provision of CHF85 million (€74 million) for the penalty its 2017 half-year operating profit.

The group’s “operating power will thus not be negatively affected,” said its statement, which confirmed a “positive guidance” made in…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with