Senior Vice President
Corporate Communications & Investor Relations
Tel. +49 9132 82 5414
2013-12-20 | 000-004-763 DE-EN
SCHAEFFLER TECHNOLOGIES AG & CO. KG, HERZOGENAURACH
Since late 2011, the European Commission has been investigating possible violations of antitrust law by Schaeffler Group and certain other bearing manufacturers. The investigation concerns alleged contacts among competitors concerning the sale of bearings for automotive applications in Europe.
Schaeffler is cooperating fully with the relevant authorities in this investigation and in addition is conducting its own investigation. The company anticipates that a decision will be taken by the European Commission in 2014 and that a fine will be imposed. Based on Schaeffler’s best estimates the company has decided to take a provision of around €380 million in the fourth quarter of 2013.