BRIEF-South Ocean Holdings says administrative penalty imposed by Competition Commission

March 27 Thu Mar 27, 2014 11:37am EDT

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March 27 (Reuters) - South Ocean Holdings Ltd

* 16 march 2010 commission initiated a complaint investigation against Soew and other three competitors, Alvern cables, Tulisa cables, and Aberdare cables,

* 16 march 2010 commission initiated a complaint investigation for possible price fixing and market allocation in contravention of competition act

* Commission has asked tribunal to impose an administrative penalty on each of firms involved, except for Aberdare cables, which has been granted conditional leniency. Source text for Eikon: Further company coverage: ))))

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