Press release
13.10.2017

Colas Rail files a complaint in relation to an international project

An internal audit and an external investigation requested by Colas Rail, a subsidiary of Colas, have revealed that suspicious payments in euros and in local currency were made to local consultants in a foreign subsidiary of Colas Rail. Faced with this unacceptable situation, Colas Rail has filed a complaint in France. The contracts of these consultants have been withdrawn and all payments prohibited. In consultation with the client, Colas Rail has initiated discussions with a recognized local company to transfer the construction contract, for which work has already begun. This solution, if successful, should not have significant economic impact on the Colas Group.

Colas Rail and Colas will cooperate fully with the judicial authorities. The Group immediately took disciplinary action and reinforced both its internal control system and compliance program.

Note: the filing of a complaint by Colas Rail was considered by Colas, before its disclosure, as non-public information within the meaning of the applicable regulations (Article 7.1 of EU Regulation 596/2014, April 16, 2014).

Responsible for notification: Eric Haentjens, General Secretary.

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