E.U. To Fine Rubber Cartel On Wednesday: Report

Law360, New York (November 28, 2006, 12:00 AM EST) -- The European Commission is expected to impose its second-highest antitrust fine in history on Wednesday against a cartel that allegedly fixed prices in the rubber market, according to a published report.

The fine will be leveled against Shell, Dow Chemical, Eni, Unipetrol and Trade-Stomil, while Germany’s Bayer will be exempted due to its cooperation under the cartel leniency program, Reuters reported, citing a “draft seen by Reuters.”

Dow's fine was also discounted because of the information it gave, Reuters said. But Shell, which also contributed information,...
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