20th Sep 2007 12:58
Glanbia PLC20 September 2007 OFT announcement 20 September 2007 - Glanbia plc, the international dairy foods and nutritionalingredients Group,("Glanbia") notes today's Statement of Objections (SO) issuedby the UK's Office of Fair Trading ("OFT") regarding the provisional findings ofits investigation into Dairy Retail Price Initiatives. One of the parties namedin today's OFT announcement is The Cheese Company Limited ("TCC"), a UK hardcheese company now in the ownership of Milk Link Limited, which was owned byGlanbia during the period under investigation. The OFT investigation has been going on for some time, as has been noted in the2005 and 2006 Annual Reports of Glanbia. TCC and Glanbia will consider the SO carefully and TCC will respond in detail toit. It should be noted that although TCC has received an SO it is currently tooearly to conclude whether the SO will lead to the OFT's adopting a formaldecision against TCC, or to the imposition of any financial penalties againstit, in this case. TCC believes that it acted in good faith at all times in relation to the supplyof cheese in the UK market. - Ends - For further information contact Glanbia plc +353 56 777 2200 Geraldine Kearney, Director, Corporate Communications + 353 87 231 9430 Hogarth Partnership UK +44 207 357 9477 John Olsen This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Glanbia