03 September 2004
EUROPEAN COMMISSION DECISION IN RELATION TO COPPER PLUMBING TUBE
The European Commission has today announced the imposition of a fine of Euro
44.98 million on IMI in relation to its former copper tube business, which was
sold in 2002. IMI will assess the possibility of appeal following receipt of
details of the decision.
IMI disposed of its plumbing fittings business in 2002 but also has a retained
responsibility in relation to the European Commission's investigation of the
copper plumbing fittings industry. That investigation is at an earlier stage,
with a Commission decision unlikely to be made before the second half of 2005.
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For further information contact:
Graham Truscott, Communications Director Tel: 0121 717 3712
Information about IMI plc can be found on the website: www.imiplc.com
This information is provided by RNS
The company news service from the London Stock Exchange