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Statement re: CMA Investigation

9th Dec 2016 07:00

RNS Number : 4000R
Berendsen PLC
09 December 2016
 

This announcement contains inside information

9 December 2016

 

Berendsen plc

Statement re: CMA Investigation

 

Berendsen, Europe's leading textile service business, announces that its UK Cleanroom business is the subject of an investigation by the Competition and Markets Authority (CMA) under the Competition Act 1998. The UK Cleanroom business had turnover of approximately £7 million in 2015, representing less than 1% of the Group's revenue.

 

The investigation relates to a joint venture to which a Berendsen subsidiary was a party, including in relation to agreements entered into by the joint venture in May 2012. The subsidiary was acquired by Berendsen in September 2014. The joint venture and the agreements were terminated in February 2016. The investigation involves only the UK Cleanroom business; no other Berendsen business lines and/or geographies are included in this investigation.

 

Berendsen is co-operating fully with the CMA and will update the market on the development of the investigation as appropriate.

ENDS

 

For further information contact:

Berendsen

Peter Young - Director of Investor Relations

Email: [email protected]

Tel: +44 (0)7825 297 198

 

FTI Consulting

Richard Mountain

Telephone: +44 (0)20 3727 1374

 

Notes to editors:

Berendsen is Europe's leading textile service business, developing and delivering value-added textile, hygiene and safety solutions to 150,000 customers in 16 countries across Europe. Berendsen operates with 4 business lines in the Workwear, Facility, Hospitality and Healthcare markets. Berendsen has over 100 years of experience in the industry and today employs over 15,000 employees.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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