According to published reports, the German firm Scholz AG and the Czech company Heim Trade have been fined by the Slovak Republic’s Antitrust Office over disregarding the deadlines set in the acquisition of Scholz Holding GmbH. The fines total €5,100 (US$6,400) for Scholz and €550 (US$700) for Heim Trade.
In addition, the two firms executed rights and duties stemming from the takeover before clearance of the deal took effect. The regulator advised that the companies can appeal the fine at the Council of the Slovak Antitrust Office.
Considering the penalty for late announcement of acquisition, Scholz is to pay €1,800 and Heim Trade €200. The execution of rights and duties will cost the German company €3,300, while the Czech partner was fined €350.
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