As part of the ongoing judicial investigation since 2018 relating to the said derogations (“deviant“) mechanism involving several distributors and several suppliers of electrical equipment, an entity of the Rexel Group was placed under investigation and required to set up a bank guarantee of 20 million euros and a cash guarantee of 48 million euros to be paid by on January 15, 2023. This decision is a step in the procedure which in no way prejudges Rexel’s guilt. Rexel continues to vigorously contest the basis and merits of this proceeding and intends to pursue the appropriate remedies to assert its rights.
Rexel would like to point out that the deviance mechanism, transparent and known to all market players, is common practice in the world of professional distribution of electrical equipment. This mechanism is a reduction in the purchase price allowing Rexel to then offer its customers the most competitive offer, without calling into question its freedom to determine its resale prices.
Rexel constantly strives to scrupulously comply with applicable laws and regulations, and continues to strengthen and update its ethics and compliance system in France and in all countries where the Group is present.
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