Norwegian asphalt case concludedRead original
The Supreme Court of Norway has ruled to declare the appeal inadmissible in the asphalt case relating to illicit collaboration in Trøndelag during the period from 2005 to 2008. The case has thus been closed.
The ruling implies that NCC will be required to pay a competition-infringement fee of SEK 150 million. NCC has previously made a provision of SEK 66 million. The remaining amount of SEK 84 million will be charged against NCC’s earnings for the fourth quarter of 2015.
The Norwegian Competition Authority ordered NCC to pay a fee for illicit collaboration practices in Trøndelag during the period from 2005 to 2008. An individual at the company was engaged in illicit collaboration with a competitor. The action was disloyal and was in breach of instructions and guidelines for the company’s business operations.
“NCC has a comprehensive compliance program and we do not tolerate infringements of competition laws or our own internal, ethical guidelines. The person responsible for the illicit collaboration in Trøndelag no longer works for NCC,” says Eric Thunegard, Senior Vice President Legal Affairs at NCC Roads.
For further information, please contact:
Eric Thunegard, Senior Vice President Legal Affairs, NCC Roads +46 70 250 32 38
Anna Trane, Press & PR Manager, NCC +46 708 84 74 69
This is the type of information that NCC could be obligated to disclose pursuant to the Securities Market Act. The information was issued for publication on November 27, at 2 p.m.
About NCC Our vision is to renew our industry and provide superior sustainable solutions. NCC is one of the leading companies in construction, property development and infrastructure in Northern Europe, with sales of SEK 57 billion and 18,000 employees in 2014. The NCC share is listed on the NASDAQ Stockholm exchange.