Sasol Agrees To $16M Fine In S. Africa Collusion Case

Law360, New York (December 14, 2010, 6:27 PM EST) -- A Sasol Chemical Industries Ltd. division has agreed to pay 111 million rand ($16 million) in penalties to settle a case brought by the South African Competition Commission alleging indirect price-fixing in the polymer market.

Sasol Polymers admitted Tuesday that a supply agreement between it and Safripol Ltd. amounted to indirect price-fixing and collusion because it involved an exchange of information about pricing.

Under its settlement with the antitrust watchdog, Sasol has agreed to stop sharing competitively sensitive information, such as prices and volumes of polypropylene...
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