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Hempel to pay millions in bribery case

The coating manufacturer will pay a fine of approximately USD 33.44 million in a German bribery case which marks the largest fine in the history of the Danish financial police. "We have cleaned up and we have moved on," says CEO Henrik Andersen.

Photo: PR-foto/Hempel

Hempel, which manufactures ship coating, will pay a DKK 220 million (USD 33.44 million) fine in a bribery case in Germany.

The fine was disclosed in the company's annual report, published Monday. The case raised by the Danish Financial Police (SØIK) will be closed with the payment of the fine, says Hempel.

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