COMCO ruling against HCI Solutions Ltd.

Galenica Santé Ltd. and its subsidiary HCI Solutions Ltd. have noted the ruling of 20 March 2017 issued by the Swiss Competition Commission (COMCO), which imposed a fine of up to CHF 4.5 million on HCI Solutions Ltd. The ruling relates to an investigation from 2012 and the decision was ex-pected owing to an announcement by COMCO back in mid-2016.

Galenica Santé and HCI Solutions regard the ruling now issued by COMCO as incorrect in fact and in law. Galenica Santé and HCI Solutions will therefore take the ruling to the Federal Administrative Court.

HCI Solutions comes under the Services segment, which mainly covers the logistics companies of Galenica Santé. The COMCO ruling is not final and has no impact on either the planned IPO or the business model of Galenica Santé.