25.03.10
Cartel accusation by Austrian Federal Competition Authority
Grevenmacher (Luxemburg) – In late February 2010, the Austrian Federal Competition Authority has filed proceedings against more than 40 Austrian logistics companies, including three companies of Logwin group, with the Higher Regional Court in Vienna for alleged breaches of Austrian and EU competition law. The Federal Competition Authority has requested that fines be levied in an amount yet to be specified.
Upon preliminary review, Logwin AG does not agree with the legal analysis made by the Federal Competition Authority and will respond to it within the applicable deadline.
About Logwin
As an external partner, Logwin AG, Grevenmacher (Luxembourg), develops a comprehensive range of logistics and service solutions for trade and industry. In 2009, the group generated sales of 1.1 billion euros and currently employs approximately 5,500 staff. Logwin operates in all main markets worldwide and has locations across all continents. With its two business segments Solutions (customer-focused contract logistics solutions) and Air + Ocean (global air and sea freight activities), Logwin AG is one of the leaders in the market.
Logwin AG is listed in the Prime Standard of the Deutsche Börse. The majority shareholder is DELTON AG, Bad Homburg (Germany).
For more information please contact:
Mara Hancker, Public Relations
Tel: +352 719690-1353
Fax: +352 719690-1359
pr-info@logwin-logistics.com
Peer Brauer, Investor Relations
Tel: +352 719690-1112
Fax: +352 719690-1359
ir-info@logwin-logistics.com
