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EUKOR freed by court in Chilean car carrier investigation

Financial News

EUKOR freed by court in Chilean car carrier investigation

EUKOR freed by court in Chilean car carrier investigation

Oslo, April 25, 2019 - In January 2015, the Chilean prosecutor's office, the Hoya la Fiscalia Nacional Economica (FNE), accused several car carriers of alleged anti-competitive behaviour, among them Wallenius Wilhelmsen ASA subsidiary EUKOR.

The matter was referred to the Chilean competition court, the Tribunal de Defensa de la Libre Competencia (TLDC). The TLDC has now announced its verdict, and we are pleased to see that their decision frees EUKOR of accusations. The Chilean process allows however, for the parties to appeal the verdict if they so desire to the Supreme Court.

This news does not trigger any change in Wallenius Wilhelmsen provision. The company regularly reviews provisions together with its auditors and evaluates all developments in outstanding jurisdictions, as well as the risk of civil claims.

For further information, please contact: Bjørnar Bukholm, Head of Corporate Finance, Strategy & IR Tel: +47 980 72 778 Email: bjornar.bukholm@walleniuswilhelmsen.com

Anna Larsson, Head of Corporate Communication Tel: +47 484 06 919 Email: anna.larsson@walleniuswilhelmsen.com

Source: NewsWeb