EANS-News: Rosenbauer International AG
Out-of-court settlement reached with
German municipal umbrella organizations regarding fire fighting vehicle cartel /
Affected municipalities to receive compensation
Rosenbauer Deutschland GmbH
to compensate mu
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information Leonding (euro adhoc) - Rosenbauer and two other manufacturers have signed a settlement agreement with the German municipal umbrella organizations providing for out-of-court restitution in connection with the fire fighting vehicle cartel in Germany. Rosenbauer has always taken an active role in helping to determine what, if any, harm may have been caused by the fire fighting vehicle cartel. Under this out-of-court agreement, all affected local authorities that procured certain types of municipal vehicle between 2000 and the middle of 2004 are to receive compensation, regardless of which of the four manufacturers (Rosenbauer Feuerwehrtechnik Luckenwalde, Iveco Magirus, Schlingmann or Ziegler) they procured the said vehicles from. To this end, a settlement fund totalling up to 6.738 Mio EUR is being set up. Rosenbauer Deutschland GmbH will be allocating up to 2.016 Mio EUR in restitution to this settlement fund, thereby making a substantial contribution towards implementing the compensation settlement between the individual municipalities and the companies concerned. In so doing, Rosenbauer Deutschland GmbH will also be taking on a significant share of the compensation that would have been due from the insolvent manufacturer Ziegler, which is not a party to the settlement. The municipal umbrella organizations recommend municipalities to accept the settlement agreement and to sign up to the pertinent inter-municipality agreement that details how the compensation settlement is to be implemented between the individual municipalities and the companies concerned. To ensure correct and proper handling of the contract award process, Rosenbauer has established a Group-wide compliance program. In addition, Rosenbauer has won the required certification from an independent institution, in this case ZertBau GmbH, which verifies companies' fitness and reliability in the procurement field. This is accomplished by annual inspections focusing on the requirements to be fulfilled regarding personnel and/or organizational structures, and on compliant conduct on the part of the company, leading to certification as appropriate. Further inquiry note: Rosenbauer International AG Mag. Gerda Königstorfer Tel.: 0732/6794-568 gerda.koenigstorfer@rosenbauer.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: Rosenbauer International AG Paschingerstrasse 90 A-4060 Leonding phone: +43(0)732 6794 568 FAX: +43(0)732 6794 89 mail: ir@rosenbauer.com WWW: www.rosenbauer.com sector: Machine Manufacturing ISIN: AT0000922554 indexes: WBI, ATX Prime stockmarkets: free trade: Berlin, Stuttgart, official market: Wien language: English
Original-Content von: Rosenbauer International AG, übermittelt durch news aktuell