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Name | Symbol | Market | Type |
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VanEck ETFs NV | EU:TOF | Euronext | Exchange Traded Fund |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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-0.06 | -0.08% | 79.26 | 79.11 | 79.52 | 79.26 | 79.26 | 79.26 | 15 | 09:02:04 |
RNS Number:5105J Total Fina Elf. 1 April 2003 Clarification Paris, April 1, 2003 - France's Competition Authority has issued a ruling that imposes a fine on four oil companies for "collusion in setting fuel prices" in highway service stations between January 1999 and June 2000. TotalFinaElf, for its part, was fined euro 12 million. TotalFinaElf would like to strongly emphasize the following points: 1- The Group denies and has always denied the existence of an organized system for exchanging information among competitors that would in any way have undermined free competition on highways. 2- It does not collude and has not colluded in any way with other operators to fix prices on highways. 3- It has done nothing more than collect information on prices displayed by other service station operators, which is a normal part of doing business in a competitive environment. The similarities noted among fuel prices can be explained by objective reasons that were recognized by the Competition Authority itself in its notice dated May 16, 2000: * High fuel taxes. * Operating constraints specific to highway service stations, such as round-the-clock and year-round opening hours, special charges and supplementary costs related to station specifications. * Similarity in re-supplying conditions. * Similarity of the products (i.e. fuels) sold. After studying the Competition Authority's ruling, TotalFinaElf reserves the right to file an appeal with the Paris Court of Appeals. This information is provided by RNS The company news service from the London Stock Exchange END MSCSSMFMFSDSEEL
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