Metsäliitto will not appeal the infringement fines imposed
Metsäliitto will not appeal the infringement fines imposed by the Market Court
17/12/2009
Metsäliitto has decided not to appeal the Supreme Administrative Court regarding the Market Court ruling published on 3 December 2009, even though the company does not share the Market Court’s view of the case.
The Market Court imposed an infringement fine of EUR 21 million on Metsäliitto Cooperative for breach of the competition legislation during the period 1997–2004. According to the Market Court, this was a case of forbidden collaboration between forest companies with the intention of influencing the price trends of raw wood in order to keep them stable. However, the Court did not find that the forest companies would have fixed the prices to the disadvantage of forest owners, nor was the collaboration shown to have detrimental effects on the raw wood markets.
More information:
Esa Kaikkonen, General Counsel, Metsäliitto Group, tel. +358 10 465 4749
Anne-Mari Achrén, Group CCO, Metsäliitto Group, tel. +358 10 465 4541