Tuesday, May 31, 2016 4:00 pm

SPAIN -- SCA announced Monday afternoon that it has been fined for improper market conduct by the Spanish National Commission for Markets and Competition.

As SCA communicated in May 2015, the company is one of several businesses active on the Spanish incontinence care market that is part of an investigation by the Spanish National Commission for Markets and Competition, CNMC. The CNMC has now reached its conclusion and has fined a number of companies, one of which is SCA. The fine imposed on SCA amounts to approximately SEK 325m for alleged improper market conduct between 1996 and 2014.

SCA said it does not agree with the CNMC's decision and will submit an appeal to the Spanish courts.

A provision for the fine will be reported as an item affecting comparability in the second quarter of 2016.

SCA says it is committed to full compliance with competition laws as set out in the company's Code of Conduct.