ABB to appeal European Commission fine

Zurich, Switzerland, October 22, 1998 - ABB, the international engineering and technology group, said today it would appeal to the European Court of Justice a fine imposed on it by the European Commission in connection with violations of EU competition rules by ABB IC Möller, a Danish subsidiary specialized in district heating.

ABB said it considered the fine disproportionate and at variance with previous Commission practice.
In its ruling, the European Commission fined ABB 70 million ECU (approx. US$ 84 million), as part of a total penalty of about 92 million ECU (approx. US$ 110 million) levied on the companies involved in the infringement.
Since 1996, when ABB Group management had established the facts on the violations, ABB cooperated closely with the European Commission’s investigations.
Following the discovery of the infringements, ABB has taken strong internal measures to reinforce compliance with competition rules.
ABB said it would have no further comment on this case at this time.

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    Contact us

    • Mr. John Fox
      ABB Corporate Communications, Zurich
      Tel: +41 1 317 7371
      Fax: +41 1 317 7958
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