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Stolt-Nielsen S.A. Agreement Resolves Antitrust Investigation in Canada LONDON--(MARKET WIRE)--Sep 30, 2008 -- Stolt-Nielsen S.A. (Oslo Stock Exchange:
SNI)
announced today that its wholly owned subsidiary Stolt-Nielsen
Transportation Group Ltd. has reached an agreement to resolve
a
Canadian Competition Bureau's enquiry into alleged anticompetitive
activity by the Company in the supply of parcel tanker shipping
services. The Company will not be charged with an offence
and has
not admitted to any violations of Canadian competition law.
As a
result of the agreement, the Company has consented to the
issuance of
a Prohibition Order by the Federal Court of Canada, requiring
certain
ongoing compliance measures with Canadian competition laws,
and the
Company has agreed to make a payment of CDN $200,000 dollars
towards
the cost of the investigation. About Stolt-Nielsen S.A. Stolt-Nielsen S.A. (the "Company") is one of the world's leading providers of transportation services for bulk liquid chemicals, edible oils, acids, and other specialty liquids. The Company, through the parcel tanker, tank container, terminal, rail and barge services of its wholly owned subsidiaries Stolt Tankers & Terminals and Stolt Tank Containers, provides integrated transportation solutions for its customers. Stolt Sea Farm, wholly owned by the Company, produces and markets high quality turbot, sole, sturgeon and caviar.
Contact: Contacts:
Jan Chr. Engelhardtsen
U.K. +44 (0) 20 7611 8972
j.engelhardtsen@stolt.com
Jens F. Gruner-Hegge
U.K. +44 (0) 20 7611 8985
j.gruner-hegge@stolt.com
Source: Stolt-Nielsen S.A.
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