Henkel To Appeal Against French Antitrust Decision

Date : 12/08/2011 @ 5:48AM
Source : Dow Jones News
Stock : Colgate-Palmolive Company (CL)
Quote : 72.95  -0.05 (-0.07%) @ 4:01PM

Henkel To Appeal Against French Antitrust Decision

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; harriet.torry@dowjones.com

(Inti Landauro contributed to this article.)

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