December 19, 2019 / 12:39 PM / a month ago

BRIEF-Schindler Holding: Former Employee May Be Charged By Israeli Competition Authority

Dec 19 (Reuters) - SCHINDLER HOLDING AG:

* OFFICIAL INVESTIGATION IN ISRAEL

* THE SCHINDLER GROUP WAS INFORMED ON THE EVENING OF DECEMBER 18, 2019 THAT A FORMER EMPLOYEE MAY BE CHARGED BY THE ISRAELI COMPETITION AUTHORITY

* NO FORMAL INVESTIGATION HAS BEEN LAUNCHED AGAINST SCHINDLER NECHUSHTAN, LOCAL SUBSIDIARY

* THE GROUP’S MAXIMUM FINANCIAL RISK WOULD BE 4.5 MILLION ISRAELI SHEKELS (CHF 1.3 MILLION) AND WOULD THEREFORE HAVE NO MATERIAL IMPACT ON THE 2019 ANNUAL FINANCIAL STATEMENTS Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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