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Company Statement: Bridgestone - Response to the decision from European Commission regarding marine hose

( April 17, 2009, 15:41 GMT | Official Statement) -- MLex Summary: Bridgestone, the hardest-hit company in the marine hose cartel investigation, will not be appealing the European Commission's decision, it has announced. The company was fined a total of 58.5 million euros for participating in an illegal cartel between 1986 and 2007.On January 28, 2009, Bridgestone Corporation (“BSJ") and its British subsidiary, Bridgestone Industrial Ltd. had received a notice of decision from the European Commission imposing a fine of 58.5 million euros with respect to the alleged international cartel of marine hose. After careful consideration, BSJ has determined that bringing the course of proceedings to an end and focusing on the reinforcement of its compliance system and promotion of preventive measures are the appropriate action to be taken. Therefore, as an overall judgment, BSJ confirms that it will not appeal the decision and will pay the imposed fine....

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