Tissue
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SCA fined €35 million in Spain for improper market conduct
The Spanish National Commission for Markets and Competition (CNMC) has fined a number of companies, among which SCA. The fine imposed on SCA amounts to approximately SEK 325m (EUR 35 million) for alleged improper market conduct between 1996 and 2014. The total fines amount reached EUR 128.8 million, for eight manufacturers active on the Spanish incontinence care market. The list of the effected companies includes Arbora & Ausonia (succeeded by Procter & Gamble Spain), Laboratories Indas, SCA Hygiene Products, Laboratorios Hartmann, Ontex ID, Barna Import Medical, Textil Planas Oliveras and Algodones del Bages. As SCA reported, the company does not agree with the CNMC’s decision and will submit an appeal to the Spanish courts. A provision for the fine will be reported as an item affecting comparability in the second quarter of 2016. The company also stated that it... Continue reading
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June 2, 2016
SCA fined €35 million in Spain for improper market conduct
The Spanish National Commission for Markets and Competition (CNMC) has fined a number of companies, among which SCA. The fine imposed on SCA amounts to approximately SEK 325m (EUR 35 million) for alleged improper market conduct between 1996 and 2014. The total fines amount reached EUR 128.8 million, for eight manufacturers active on the Spanish incontinence care market. The list of the effected companies includes Arbora & Ausonia (succeeded by Procter & Gamble Spain), Laboratories Indas, SCA Hygiene Products, Laboratorios Hartmann, Ontex ID, Barna Import Medical, Textil Planas Oliveras and Algodones del Bages. As SCA reported, the company does not agree with the CNMC’s decision and will submit an appeal to the Spanish courts. A provision for the fine will be reported as an item affecting comparability in the second quarter of 2016. The company also stated that it... Continue reading
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SCA fined €35 million in Spain for improper market conduct
The Spanish National Commission for Markets and Competition (CNMC) has fined a number of companies, among which SCA. The fine imposed on SCA amounts to approximately SEK 325m (EUR 35 million) for alleged improper market conduct between 1996 and 2014. The total fines amount reached EUR 128.8 million, for eight manufacturers active on the Spanish incontinence care market. The list of the effected companies includes Arbora & Ausonia (succeeded by Procter & Gamble Spain), Laboratories Indas, SCA Hygiene Products, Laboratorios Hartmann, Ontex ID, Barna Import Medical, Textil Planas Oliveras and Algodones del Bages. As SCA reported, the company does not agree with the CNMC’s decision and will submit an appeal to the Spanish courts. A provision for the fine will be reported as an item affecting comparability in the second quarter of 2016. The company also stated that it... Continue reading