Vila pays fine in settlement for resale price maintenance

On October 30, 2013, Vila entered into a settlement with the Danish Competition and Consumer Authority for infringing section 6 of the Danish Competition Act by imposing resale price maintenance to some of the company’s dealers. Accordingly Vila accepted to pay a fine of DKK 1.6 million (€ 213.333). Two persons from the management each accepted to pay fines of DKK 22.000 (€ 2.933).