GEA Group AG

Legal Proceedings Report • Nov 11, 2009

News Details

Media | 11 November 2009 20:40

GEA Group Aktiengesellschaft: Antitrust penalty against GEA and former subsidiaries

GEA Group Aktiengesellschaft / Enterprise

11.11.2009

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

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Bochum, November 11, 2009 - Today the European Commission has imposed
penalties on 24 companies for illegal pricing activities up until the year
2000 in the heat stabilizer market. Among those companies are two small
enterprises which had been divested about 10 years ago by former
Metallgesellschaft AG/mg technologies ag or, respectively, are related to
Dynamit Nobel which was also sold in 2004. According to the European
Commission GEA Group AG is (together with the former subsidiaries) jointly
and severally liable as legal successor of Metallgesellschaft - the then
ultimate parent - for the illegal activities up to an amount of EUR 3.3
million. GEA considers the penalty as unjustified and is currently
assessing legal remedies. GEA points out that it has rigorous Compliance
Guidelines which are valid and strictly enforced worldwide for the entire
group.

GEA Group Aktiengesellschaft is one of the largest system providers for
food and energy processes with about EUR 5.2 billion in 2008 revenue. As an
internationally operating technology group, the company focuses on process
technology and components for demanding production processes in various end
markets. The group generates about 70 percent of its revenue from the
long-term growing food and energy industries. As of September 30, 2009, a
workforce of over 20,000 employees served customers in 50 countries. GEA
Group is a market and technology leader in 90 percent of its business
areas. GEA Group is listed in the MDAX index (G1A, WKN 660200).

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11.11.2009 Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: GEA Group Aktiengesellschaft
Dorstener Straße 484
44809 Bochum
Deutschland
Internet: www.geagroup.com

End of News DGAP-Media

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