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UPM-Kymmene questions involvement in EC's industrial bag cartel

By Lewis Crofts ( May 18, 2011, 09:07 GMT | Insight) -- Finnish bag-maker UPM-Kymmene yesterday argued that the European Commission wrongly overstated the involvement of its French subsidiary in a decision to sanction an industrial bags cartel. The commission told the EU's General Court that the company had been involved in both European and French level agreements and was rightly fined 56 million euros. Meanwhile, the court explored the mechanics of how the EU regulator makes fines "deterrent".Luxembourg - Finnish bag-maker UPM-Kymmene yesterday argued that the European Commission wrongly overstated the involvement of its French subsidiary in a decision to sanction an industrial bags cartel. The commission told the EU's General Court that the company had been involved in both European and French level agreements and was rightly fined 56 million euros....

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