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EC Statement: Antitrust - Commission fines plastic-additives producers €173 million for price-fixing and market-sharing cartels

( November 11, 2009, 10:30 GMT | Official Statement) -- Extract: The European Commission has imposed a total of 173 million euros of fines on 24 companies from 10 different undertakings – Akzo, Baerlocher, Ciba, Elementis, Elf Aquitaine (Arkema France), GEA, Chemson, Faci, Reagens and AC Treuhand – for violating the EC Treaty’s ban on cartels and restrictive business practices (Article 81). Chemtura Corporation participated but was not fined because it revealed the existence of the cartels to the commission.The European Commission has imposed a total of 173 million euros of fines on 24 companies from 10 different undertakings – Akzo, Baerlocher, Ciba, Elementis, Elf Aquitaine (Arkema France), GEA, Chemson, Faci, Reagens and AC Treuhand – for violating the EC Treaty’s ban on cartels and restrictive business practices (Article 81). Chemtura Corporation participated but was not fined because it revealed the existence of the cartels to the commission....

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