Settlement reached between Bong and European Commission
Bong AB (NASDAQ OMX Stockholm: BONG) has reached a settlement with the European Commission. For Bong, this definitively concludes an investigation that has been ongoing since 2010 regarding alleged infringement of European competition law between five envelope companies, during the period October 2003 to April 2008. As a result of the settlement, Bong will pay EUR 3,118,000 to the European Commission."It is important for Bong to put this behind us and focus on developing the business. The events that caused the European Commission's investigation are in many cases more than ten years old",