Gascogne : European Commission Investigation

The companies Gascogne Papier and Gascogne Sacs have received in their premices of Mimizan and Merignac, the visit of the European Commission.

The European Commission has launched a competition investigation concerning several producers of bleached and unbleached kraft paper and manufacturers of industrial paper sacks.

Gascogne Papier and Gascogne Sacs cooperate fully with the European Commission, consider not to be involved in possible cartel practices and pretend to act on these markets in compliance with competition rules.

The investigation has no connection with the one at occasion of which Sachsa Verpackung was sanctioned by the European Commission for irregular conduct on the market for plastic sacks, behaviors initiated before Gascogne acquires this company in 1994.

Financial information manager
Dominique Coutière, Président-and CEO - Tél : +33(0)5 58 09 90 17
 

About the Gascogne Group:

The Gascogne Group is the leading player in the wood industry in France, operating at every stage of the processing of forest resources, and the only player in France that is totally integrated along the complete wood-paper-processing chain. With its four close-fitting activities, the Gascogne Group is the leading multi-specialised operator in the wood industry in France, the world's leading producer of machine-glazed natural Kraft paper, one of the European leaders in the industrial and consumer sacks market, and one of the world's leading producers of packaging and protection laminates.

ISIN :FR0000124414 / Reuters : GASP.PA / Bloomberg : BI FP / FTSE : 460

www.groupe-gascogne.com