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

Curfew and closed schools. Slovakia goes into a mild lockdown this weekend

Nationwide testing will follow, accompanied by another curfew.

Nationwide testing - an ambitious plan with an uncertain result

Antigen tests to be used work on patients with symptoms.

Police arrest top special prosecutor, suspected of helping a mafia group

Dušan Kováčik is known for not filing any criminal lawsuits.

State prepared an €100-million injection for tourism

The sector hit hard by the coronavirus crisis should see money at the end of this year.

Illustrative stock photo