Gothenburg, 4 November 2016: SKF has been informed ofthe initiation of a lawsuit, with a claim for damages, by BMW AGand several group companies (BMW) against bearing manufacturers,including AB SKF, that were part of the settlement decision by theEuropean Commission for violation of European competitionrules.
BMW has filed the lawsuit with the High Court ofJustice in London, United Kingdom. SKF has not, at this stage,received definitive information about the size of damagesclaimed.
The amount of damages, if any, should SKF be foundliable, is at this stage not possible to determine.
The decision by the European Commission in March 2014covered violations of European competition rules with respect tosales of bearings to the automotive manufacturing industry inEurope. SKF was one of six bearing manufacturers involved in theinvestigation.
The settlement decision made no finding that SKF’stop management had involvement in, or knowledge of, the conduct atissue. Furthermore, SKF strongly believes that the activitiessanctioned by the European Commission have not caused any damage toits business partners.
Aktiebolaget SKF
(publ)
The information in this press release is informationwhich AB SKF is required to disclose under the EU Market AbuseRegulation (EU) No 596/2014. The information was provided by theabove contact persons for publication on 4 November 2016 at 11.45CET.