Imtech updates on GRC issues
January 13 2015 - 1:31AM
It is our policy and firm commitment to properly deal with issues
from the past and update the market in line with regulatory
requirements. In this context we inform you on the following
cases.
Germany: competition law violation not
confirmed
With reference to the press release of November 6th, 2014 Imtech
can provide an update regarding a possible violation of competition
law in Germany in the period 2008-2010. The internal investigation,
conducted by our GRC (Governance, Risk and Compliance) department,
assisted by external counsel and experts, has not confirmed that
competition laws were violated.
Poland: unrealistic claim
The claim reported in the media in Poland was submitted by PBG, a
Polish company in liquidation. The claim relates to a project, a
football stadium, which was finished in 2012. Imtech itself filed a
civil claim against PBG in 2013 in regards to this project. PBG has
now responded by submitting a counter claim of about 130 million
euro. The claim is deemed unrealistic in substance, size and
timing.
United Arab Emirates: initial
investigation
Imtech has initiated an investigation into certain sales activities
by an Imtech Marine entity in the United Arab Emirates in relation
to potential violations of applicable export controls and sanctions
regulations. The investigation is conducted by external counsel and
experts. Imtech has disclosed the fact that it has initiated the
investigation to the appropriate authorities.
Imtech emphasizes that at this point it is too early to draw
definite conclusions or make any definite statements. Imtech will
provide an update if and when applicable.
The Imtech Marine entity in the United Arab Emirates is a unit with
annual revenue of around 15 million euro. The initial
investigations indicate that potential violations relate to a
relatively small percentage of this revenue.
More information
Media: |
Analysts &
investors: |
Dorien Wietsma
Director Corporate Communication & CSR
T: +31 182 54 35 53
E: dorien.wietsma@imtech.com
www.imtech.com |
Jeroen Leenaers
Director Investor Relations
T: +31 182 543 504
E: jeroen.leenaers@imtech.com
www.imtech.com |
Imtech
profile
Royal Imtech N.V. is a European technical
services provider in the fields of electrical solutions, automation
and mechanical solutions. With approximately 23,000 employees,
Imtech holds attractive positions in the buildings and industry
markets in the Netherlands, Belgium, Luxembourg, Germany, Austria,
Eastern Europe, Sweden, Norway, Finland, the UK, Ireland and Spain,
the European market of Traffic as well as in the global marine
market. Imtech offers integrated and multidisciplinary total
solutions that lead to better business processes and more
efficiency for customers and the customers they, in their turn,
serve. Imtech also offers solutions that contribute towards a
sustainable society - for example, in the areas of energy, the
environment, water and traffic. Imtech shares are listed on
Euronext Amsterdam.
PDF: Press Release
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
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The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Imtech via Globenewswire
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