Press Release: Commission fines Mitsubishi for failing to supply information on Kvaerner/Ahlström joint venture

On 12.7.00 the European Commission decided to impose fines on Mitsubishi Heavy Industries for failing to supply information with regard to a joint venture in 1999 between Kvaerner and Ahlström. This is the first time the Commission has fined a company other than a notifying party in merger proceedings. This is also the first time that a periodic penalty payment is imposed on an undertaking in such proceedings.