Sasol To Pay $23M Over S. Africa Fertilizer Cartel

Law360, New York (May 6, 2009, 12:00 AM EDT) -- South Africa-based Sasol Chemical Industries Ltd. has agreed to pay 188.01 million rand ($22.7 million) to settle claims it participated in a cartel in the fertilizer industry, the company and competition regulators said Wednesday.

The fine, which represents 6 percent of sales at the company's Sasol Nitro division, is the highest ever reached in such a settlement, the South African Competition Commission said. The Competition Tribunal still must approve the settlement.

Regulators investigated Sasol, the world's largest producer of liquid fuels from coal, after a small...
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