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YAMAHA Pays European Commission Fines |
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On July 15, 2003, YAMAHA CORPORATION and four of its European musical instrument sales subsidiaries* were fined a total of Euro 2.56 million by the European Commission for some content of the agreement between its European subsidiaries and dealers.
After taking its response to the matter into consideration, YAMAHA completed the payment of the fines through its European musical instrument sales subsidiaries as of October 14, 2003.
* Yamaha Music Central Europe GmbH (Germany); Yamaha Musique France S.A.S. (France); Yamaha Musica Italia S.p.A (Italy); Yamaha Scandinavia AB (Sweden)
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For further information, please contact
Yamaha Corporation
Corporate Communication Group,
Public Relations Division
TEL. +81-3- 5488-6601
FAX +81-3-5488-5060
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