This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Company Statement: Procter & Gamble - EC antitrust settlement reached

( April 13, 2011, 13:44 GMT | Official Statement) -- MLex Summary: The European Commission has fined Procter & Gamble and Unilever a total of 315.2 million euros for running a cartel for washing powder in eight EU member states. Both companies received a 10 percent fine reduction under the commission’s settlement notice. Whistleblower Henkel received immunity for revealing the cartel.This case involved a number of manufacturers and dates back 6-9 years. We have been reporting on it every quarter for the last three years and had already taken the appropriate financial reserve. Perhaps more importantly, we have already taken the appropriate internal action including strengthening our global compliance program which includes extensive training, reinforcement of key policies and regular auditing....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections