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Faced with possible EU fine, GE says acted in good faith
July 6, 2017 / 9:56 AM / 5 months ago

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

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.

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

“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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