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Provider: Wright Reports
Provider: Reuters Investment Profile
Provider: Wright Reports

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Wilson Bayly Holmes Ovcon Ltd Announces Settlement Agreement With Competition Commission

Monday, 24 Jun 2013 06:33am EDT 

Wilson Bayly Holmes Ovcon Ltd announced that it has entered into a settlement agreement with the Competition Commission relevant to fast track settlement investigation into historical anti-competitive practices in the construction industry on June 23, 2013. WBHO has agreed to pay an administrative penalty of ZAR311 million in three equal instalments over a period of two years. WBHO had provided ZAR220 million for administrative penalties in the Financial Year ended June 30, 2012. An amount of ZAR91 million will be accounted for in the financial results for the financial year June 30, 2013. 

Company Quote

-62.0 -0.51%
24 Dec 2014