Agility confirms that two of its subsidiaries have received a final decision from the European Commission (“Commission”) in connection with its investigation into the air freight forwarding industry. The Commission’s decision imposes a fine of €2.296 million on Agility’s UK subsidiary and a fine of €2.662 million on Agility’s Hong Kong subsidiary. Agility is carefully reviewing the Commission’s decision.
In October 2007, Agility’s UK subsidiary (involved in the freight forwarding business) along with other major players in the freight forwarding industry received requests for information from the Commission (the EU competition authority) in connection with an industry-wide investigation into the setting of surcharges and fees. Agility has cooperated fully with the Commission during the course of the investigation since it was launched in October 2007 and attaches great importance to ensuring full compliance by its business operations with all applicable competition laws.