GTT: Information about the KFTC investigation
October 19 2020 - 2:00AM
GTT: Information about the KFTC investigation
Information about the KFTC
investigation
Paris – October 19, 2020. As
part of the investigation concerning GTT’s commercial practices
with the Korean shipyards1, the Korea Fair Trade Commission
announced on Saturday that a hearing of the case is scheduled on
October 21st 2020. This follows the issuance from the Korea Fair
Trade Commission of a confidential Examiner Report.
The Examiner Report sets out the preliminary
conclusions of the Korea Fair Trade Commission’s case team,
following its investigation.
The Examiner Report does not prejudge the
outcome of the procedure. It opened a new phase, during which GTT
and its counsels have responded in writing to its conclusions, in
preparation for the hearing. GTT and its counsels will participate
in this hearing.
GTT expects the procedure to come to an end in
the next few months. In the meantime, GTT, which is fully
cooperating with the Korea Fair Trade Commission, intends to
continue the conduct of its business to the benefit of all
stakeholders.
About GTT
GTT (Gaztransport & Technigaz) is a
technological and engineering company expert in containment systems
with cryogenic membranes used to transport and store liquefied gas,
in particular LNG (Liquefied Natural Gas). For over 50 years, GTT
has been maintaining reliable relationships with all stakeholders
of the gas industry (shipyards, ship-owners, gas companies,
terminal operators, classification societies). The company designs
and provides technologies which combine operational efficiency and
safety, to equip LNG carriers, floating terminals, and multi-gas
carriers. GTT also develops solutions dedicated to land storage and
to the use of LNG as fuel for the vessel propulsion, as well as a
full range of services.
GTT is listed on Euronext Paris, Compartment A
(ISIN FR0011726835 Euronext Paris: GTT) and is notably included in
SBF 120 and MSCI Small Cap indices.
For more information, visit www.gtt.fr.
Investor Relations
contact: information-financiere@gtt.fr / + 33 (0)1 30
23 20 87
Media contact:
press@gtt.fr / +33 (0)1 30 23 42 26 - +33 (0)1
30 23 80 80
1 See Press Release from GTT on January 29th 2016 and section
2.2.3.1 from its Universal Registration Document
- PR - GTT KFTC Information 19102020 EN
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