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Faced with possible EU fine, GE says acted in good faith
July 6, 2017 / 9:56 AM / 3 months ago

Faced with possible EU fine, GE says acted in good faith

The logo of General Electric Co. is pictured at the Global Operations Center in San Pedro Garza Garcia, neighbouring Monterrey, Mexico, May 12, 2017. REUTERS/Daniel Becerril

BRUSSELS (Reuters) - General Electric (GE.N) said on Thursday that it had acted in good faith to meet EU disclosure requirements, after the European Commission accused the company of providing misleading information during a merger deal.

“We believe we acted in good faith to meet the EC disclosure requirements and there was no intent to mislead,” GE said in a statement.

The European Commission said it had sent three separate charge sheets, known as statements of objections, to Merck and Sigma-Aldrich, General Electric and Canon.

While the charges will not affect the EU approvals of the deals, they could lead to fines up to 1 percent of global revenue for GE.

Reporting by Robert-Jan Bartunek; Editing by Alissa de Carbonnel

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