Silgan Settles With European Commission to End Investigation Since 2015 of Its European Metal Packaging Operations

Silgan Holdings Inc. (Nasdaq:SLGN), a leading supplier of sustainable rigid packaging solutions for consumer goods products, announced today that it has concluded a settlement with the European Commission to end a long-running investigation of Silgan’s metal packaging operations in Europe. This investigation was started in 2015 by the German antitrust authority and was transferred in 2018 to the European Commission only after the German antitrust authority determined it would be dicult for it to impose nes under German law. As part of the settlement, Silgan has agreed to pay a ne of €23,852,000 to put an end to the investigation, although Silgan does not fully concur with the facts and legal qualications put forth by the European Commission. The European Commission has agreed to fully close its investigation and not proceed any further with respect to this matter.
more at: https://s29.q4cdn.com/241493639/files/doc_news/Silgan-Settles-With-European-Commission-to-End-Investigation-Since-2015-of-Its-European-Metal-Packaging-Operations-2022.pdf

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