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Ballast Nedam seeks to overturn bitumen cartel ruling at EU court

By Matthew Newman ( November 13, 2013, 16:50 GMT | Insight) -- Dutch building company Ballast Nedam argued at the EU’s highest court today that it shouldn’t be held liable for a bitumen cartel, because the European Commission failed to include the name of its subsidiary — Ballast Nedam Grond en Wegen — in the main part of its decision condemning the price-fixing accord. The case is being closely watched after UK engineering company Tomkins successfully argued that it should benefit from the same reduction in a cartel fine as its subsidiary did.Dutch building company Ballast Nedam argued at Europe’s highest court today that it shouldn’t be held liable for a bitumen cartel, because the European Commission failed to establish enough proof that its subsidiary broke EU antitrust rules....

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