Market Chatter: SAP to Offer Concessions to Resolve EU Antitrust Probe

MT Newswires Live11-07

SAP (SAP) is preparing to offer formal concessions to the European Commission to settle an antitrust investigation and avoid a potential hefty fine, Reuters reported Thursday, citing people familiar with the matter.

The Commission is expected to seek feedback from rivals and customers before deciding on next steps, the people told Reuters.

SAP said its policies align with industry standards and that it expects a quick and fair resolution, according to the report.

SAP didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 253.18, Change: -7.88, Percent Change: -3.02

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