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The European Commission launched an antitrust probe into German bundle behemoth SAP connected Thursday, citing concerns astir the company's practices successful bundle enactment services.
According to the Commission, the probe volition measure "whether SAP may person distorted contention successful the aftermarket for attraction and enactment services related to an on-premises benignant of software, licensed by SAP, utilized for the absorption of companies' concern operations."
SAP, successful a connection connected Thursday, said it believed its policies and actions were afloat compliant with EU contention rules.
"However, we instrumentality the issues raised earnestly and we are moving intimately with the EU Commission to resoluteness them," a spokesperson said. "We bash not expect the engagement with the European Commission to effect successful worldly impacts connected our fiscal performance."
SAP is 1 of Europe's astir invaluable companies, with a marketplace headdress of astir 282 cardinal euros ($331 billion).
Shares of the steadfast moved little connected Thursday, losing 1.4% by 11:48 a.m. successful London (6:48 a.m. ET).
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