SAP has offered concessions to settle EU antitrust probe, Commission says
Tweet
Share
E-mail
FILE PHOTO: The logo of German software group SAP is pictured at the headquarters of SAP (Schweiz) AG in Regensdorf, Switzerland January 22, 2021. Picture taken January 22, 2021. REUTERS/Arnd Wiegmann/File Photo
BRUSSELS (Reuters) -SAP has offered to make it easier for customers to switch to rival software, clarify the basis for its fees, and abolish its reinstatement fee as part of concessions proposed to settle an EU antitrust probe, the European Commission said on Friday.
The remedies, which Reuters reported earlier this month were on the way, seek to address issues raised by the EU.
The Commission said it is inviting interested parties to submit their views.
SAP said in a statement that it did not expect the probe to impact its financial performance.
"We are adhering to the procedure and timeline established by the European Commission," it said. "We do not anticipate the proceeding will result in material impacts on our financial performance."
(Reporting by Charlotte Van Campenhout, Editing by Bart Meijer and Jan Harvey)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- El Salvador opposition pitch former lawmaker, doctor to run against Bukele in 2027
- Congo says number of confirmed Ebola cases rises to 3,200, including 1,405 deaths
- Red Sea shipping slows after Houthi attack on Saudi Arabia, data shows
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
