Slovakia’s Antitrust Office fines German and Czech firms

THE ANTITRUST Office of the Slovak Republic has ordered the German firm Scholz AG to pay a fine of €5,100 and the Czech company Heim Trade a fine of €550. The two companies disregarded the deadlines set by law in the acquisition of Scholz Holding GmbH, the SITA newswire reported.

THE ANTITRUST Office of the Slovak Republic has ordered the German firm Scholz AG to pay a fine of €5,100 and the Czech company Heim Trade a fine of €550. The two companies disregarded the deadlines set by law in the acquisition of Scholz Holding GmbH, the SITA newswire reported.

In addition, the two firms executed rights and duties stemming from the takeover before clearance of the deal took effect. The regulator advised that the companies can appeal the fine at the Council of the Slovak Antitrust Office.

Considering the penalty for late announcement of acquisition, Scholz is to pay €1,800 and Heim Trade €200. The execution of rights and duties will cost the German company €3,300, while the Czech partner was fined €350.

The verdict took effect on April 27, 2010, the regulator announced.

Scholz AG is one of the leading companies in processing and recycling of iron and scrap metal in Europe. The Czech Heim Trade trades in waste.

Source: SITA

Compiled by Michaela Stanková from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Get daily Slovak news directly to your inbox

Top stories

Old-age pension scheme gains three new features

Brand new parental bonus raises concerns.

21. jan
US President Joe Biden

Biden really is waking up each morning with the goal of making things better

The new president is old and imperfect, but it's difficult to question his motives.

11 h
First Pfizer/BioNTech vaccine to be administered in Slovakia.

Vaccine hesitancy down, but still above EU average

Survey shows less than half of Slovaks believe vaccination is the only way to end the pandemic.

22. jan
Railway station in Košice

Who’s the foreigner in this country now?

The virus has highlighted some differences between migrants and locals, but erased others.

23. jan