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Saint-Gobain tells court EU erred in calculating car-glass cartel fine

By Matthew Newman ( December 11, 2012, 17:18 GMT | Insight) -- French glass maker Compagnie de Saint-Gobain today argued at the EU’s General Court that it should not have been found liable for fixing the prices of car glass. In 2008, the European Commission fined the company and its subsidiary, Saint-Gobain Glass France, 896 million euros, the largest cartel penalty ever imposed on a single company. The regulator recognised that it made an error in calculating a small portion of the fine, and plans to adopt a revised decision in the coming months.Luxembourg – French glass maker Compagnie de Saint-Gobain today argued at the EU's General Court that it should not have been found liable for a price-fixing cartel in car glass, in which the European Commission fined the company and its subsidiary, Saint-Gobain Glass France, 896 million euros, the largest cartel penalty ever imposed on a single company....

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