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S U S TA I NAB I L I T Y R E PORT 2 0 1 2
A core commitment and principle of
the corporate philosophy of
MYTILINEOS Group, in all the markets
where it operates, is to avoid all unfair
associations with potential competitors
which may lead to anti-competitive be-
haviour or practices, which may include
fixing of prices, concerted bidding, the
implementation of restrictions on pro-
duction and/or the joint exploiting of
markets through the sharing of clients,
suppliers, regions or trade activities.
Our key concern is to regularly inform
the personnel of our subsidiaries about
the importance of adhering to all ap-
plicable laws on competition, and es-
pecially to provide Management Ex-
ecutives with suitable training. In ad-
dition, each one of our subsidiaries is
at the disposal of the competent
Competition Authorities and is avail-
able to cooperate substantially and ef-
fectively with them, whenever re-
quired.
During 2012 the Group was not the
subject of any petitions to the Courts
under Greek or international law for
anti-competitive behaviour, and no
monetary sanctions were imposed for
non-compliance of our subsidiaries
with the relevant applicable laws and
regulations.
However, December 2012 saw the
launch of the arbitration procedure be-
tween the Group’s subsidiary
ALUMINIUM S.A. and the Public Pow-
er Corporation S.A. (PPC), which is cur-
rently in full progress. Given the
above, the completion of the arbitra-
tion procedure and the issue of a Rul-
ing are expected in the next few
months.
10.6 Relations with the Competition & Regulatory Compliance
