17th Apr 2008 07:39
Balfour Beatty PLC17 April 2008 17 April 2008 OFT ANNOUNCEMENT Balfour Beatty notes this morning's announcement from the Office of Fair Trading(OFT) in relation to the statement of objections arising from its widescaleinvestigation into tender activities across the construction sector. Balfour Beatty announced in June 2007 that it had undertaken a full review ofthe Group's compliance with the Competition Act, the results of which it hasmade available to the OFT. Balfour Beatty is confident that all of itssubsidiaries are now fully compliant with the Competition Act. Balfour Beattyneither promotes nor condones anti-competitive behaviour. The company and its operating businesses have co-operated fully with the OFT inall aspects of its investigation. As a result and subject to ongoingco-operation, the OFT has granted leniency to Balfour Beatty, thus reducing anyfines which might ultimately be levied on Balfour Beatty or any of its operatingbusinesses. The company will respond to the OFT in respect of its statement ofobjections in due course. ENDS Enquiries to: Tim SharpBalfour Beatty plcTel: 020 7216 6884 www.balfourbeatty.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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