Romanian court lowers fine payable by MOL Romania in its binding ruling
MOL Plc. hereby informs the capital market participants that the Romanian High Court of Justice’s final ruling has been released yesterday, according to which the fine payable by MOL Romania Petroleum Products S.R.L. (“MOL Romania”) was decreased from RON 80.3mn (EUR 18mn) to RON 64.2mn (EUR 14.4mn) in the alleged breach of the competition law by companies active in the fuels market case.
MOL Romania has been informed in early 2012 that the Romanian Competition Council made a decision in relation with the alleged breach of the competition law by companies active in the fuels market and issued a fine of RON 80.3mn. The alleged breach of antitrust regulations refers to the common withdrawal of the unleaded gasoline pre-mixed, called Eco Premium, from the Romanian fuel market, in 2008. MOL Romania appealed against the decision of the Romanian Competition Council claiming that withdrawing Eco Premium from its fuels’ portfolio was an individual business decision and not the result of an anticompetitive agreement or concerted practice.