7th Dec 2007 07:23
Glanbia PLC07 December 2007 Glanbia plc 7 December 2007 OFT announcement 7 December 2007 - Glanbia plc, the international dairy foods and nutritionalingredients group, ("Glanbia") notes today's announcement issued by the UK'sOffice of Fair Trading ("OFT") regarding its ongoing investigation into DairyRetail Price Initiatives. One of the parties named in today's OFT announcementis The Cheese Company Limited ("TCC"), a UK hard cheese company now in theownership of Milk Link Limited, which was owned by Glanbia during the periodunder investigation. Further to the OFT announcement Glanbia confirms that it is party to anagreement with TCC whereby both parties have agreed to co-operate with the OFTin its ongoing investigation. As a result of agreeing to co-operate with the OFTit is currently anticipated that the maximum penalty payable by Glanbia and TCCcombined is £2,016,360. It is expected that the actual fine imposed will besubstantially lower. - Ends - For further information please contact: Glanbia plc +353 56 777 2200 Geraldine Kearney, Director, Corporate Communications Hogarth Partnership +44 207 357 9477 John Olsen This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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