Colgate Palmolive (NYSE:CL)
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German household consumer products maker Henkel AG & Co. KGaA (HEN.XE) Thursday said it plans to appeal against a fine imposed by France's antitrust authority for cartel infringements.
"Henkel doesn't agree with either the fine or the legal conclusions," Henkel said in a statement.
The company said it doesn't expect the ruling to have any impact on its full-year guidance for 2011 or its financial targets for 2012.
Earlier Thursday, the French antitrust authority imposed a combined fine of EUR361 million on laundry detergent makers Henkel, Unilever NV (UNA.AE), Colgate Palmolive Co. (CL) and Procter & Gamble Co. (PG) for forming a cartel between 1997 and 2004 to coordinate prices to French retailers.
- By Harriet Torry, Dow Jones Newswires; +49 69 29725 511; firstname.lastname@example.org
(Inti Landauro contributed to this article.)