British Court Reduces OFT PenaltyBy Ballast Nedam Nv, PRNE
Thursday, March 10, 2011
NIEUWEGEIN, The Netherlands, March 11, 2011 - Ballast Nedam appealed against the penalty of EUR 9 million which was
imposed in 2009 by the Office of Fair Trading. The Competition Appeal
Tribunal (CAT) has decided upon appeal to reduce the penalty to EUR 0,6
million. This penalty has been incorporated in the financial statements 2010.
Ballast Nedam has a leading position in construction and infrastructure.
The company operates mainly in the Netherlands on integrated and other
projects for companies, public authorities and housing consumers, in the
fields of mobility, housing, employment, leisure and energy. Ballast Nedam
operates internationally in various areas of expertise. Ballast Nedam
supplies project, process and contract management in the development,
implementation and management phases. The company also provides specialized
know-how and skills, and semi-finished and finished products. Ballast Nedam
is listed on NYSE Euronext in Amsterdam. The share is included in the
Amsterdam Small Cap Index.
Note for the editorial staff:
Further details can be obtained from Ballast Nedam N.V., Adrie van
Kessel, telephone +31 (30) 285 41 61/ +31 6 22 45 71 85
Tags: Ballast Nedam NV, March 11, Netherlands, Nieuwegein, The Netherlands