Koenig & Bauer settles Brazil case with CHF 11.54M payment, no debarment
Koenig & Bauer reached a leniency deal with Brazil's CGU, agreeing to pay CHF 11.54M without punitive fines or a ban on public tenders.
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what happened
German printing-press maker Koenig & Bauer AG said its unit Koenig & Bauer Banknote Solutions S.A. signed a leniency agreement with Brazil's CGU. Under the deal, the company will pay CHF 11.54M within 60 days.
According to the company, no punitive fines or debarment from Brazilian tenders apply. The group expects no significant impact on its P&L and plans to seek a partial refund in Switzerland related to a 2017 order.
why it matters
For investors, the case, which has run since 2019 and relates to Brazil contracts from 2008 to 2011, is nearing its end. The payment is modest, and keeping access to Brazilian public tenders limits the risk to revenue. A possible Swiss refund could partly offset the cost.
market impact
SKB shares: removal of legal overhang and kept tender access support the stock
tags
instruments
sources
- Koenig & Bauer AG (SKB) Reaches Brazil Leniency; Pays CHF 11.54M, No Debarment — TradingView, 19 October 2026 at 16:30 UTC
- Koenig & Bauer AG (SKB) Settles Brazil Case; Pays CHF 11.54M, Avoids Debarment — TradingView, 19 October 2026 at 16:30 UTC
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