26th Sep 2005 14:03
IMI PLC26 September 2005 26 September 2005 IMI plc EUROPEAN COMMISSION ISSUES STATEMENT OF OBJECTIONS IN THE COPPER PLUMBING FITTINGS ENQUIRY IMI plc reported in its Interim Results announcement published on 5 Septemberthat it expected to receive in 2005 a Statement of Objections from the EuropeanCommission with respect to its former copper plumbing fittings business. IMIannounces that it has today received the Statement of Objections. A decisionfrom the Commission as to the level of any possible fine in the fittings enquiryis not expected until 2006. The appeal in respect of the fine imposed in 2004 inthe copper plumbing tube enquiry is expected to be decided during 2006. IMI soldits copper plumbing tube and fittings businesses in 2002 but IMI retainsresponsibility for these two competition law investigations launched in 2001. - Ends - IMI plcGraham Truscott, Communications Director Tel: 0121 717 3712 Weber Shandwick Square MileNick Oborne Tel: 020 7067 0700 Information about IMI plc can be found on the website: www.imiplc.com Note to editors: IMI plc is an international engineering business specialising in innovativesolutions and services for a wide range of industrial and retail customers. Itsfuture growth is being built on the two business areas of Fluid Controls andRetail Dispense. IMI's operations in these two business areas share the following corecharacteristics: strong market positions in growing markets; the ability to beclearly differentiated from their competitors through technological innovationor after-sales service; and the provision of 'added value' through bespokesolutions rather than a high manufacturing or material content. IMI is quoted on the London Stock Exchange and is capitalised at approximately£1.5bn This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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