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Standard Commercial Corporation Announces Assessment of Fine Relating to European Commission Investigation in Spain 

Jump to full article: PR Newswire, 2004-10-22
Author: Source: Standard Commercial Corporation

Intro:

Standard Commercial Corporation (NYSE: STW - News; the "Company") today announced that, as a result of the previously announced administrative investigation into tobacco buying and selling practices within the Spanish market, the Directorate General for Competition ("DG Comp") of the European Commission ("EC") has imposed on it, its Spanish subsidiary, World Wide Tobacco Espana and two other of its subsidiaries, a fine of EUR 1,822,500.

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