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NSK announces settlement with European Commission in automotive bearings investigation


Wednesday, 19 Mar 2014 07:15am EDT 

NSK Ltd:Reached a settlement with the European Commission for participating in activities regarding violation of European Competition Law in relation to sales of automotive bearings.European Commission administered a fine of 62,406,000 euros (about 8.8 billion yen) on NSK Ltd. and its wholly owned subsidiaries NSK Europe Ltd. and NSK Deutschland GmbH.