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€30M Fine Looms For Finnish Paper Giant

Law360 (December 21, 2006, 12:00 AM EST) -- Finnish antitrust regulators have proposed a whopping 30 million euro fine for Stora Enso Oyj, a week after the paper producer’s U.S. unit was indicted for allegedly engaging in a price-fixing conspiracy in the timber industry.

On Thursday, the Finnish Competition Authority suggested the massive fine, after concluding that Stora Enso had broken the country’s competition laws by colluding with other companies over the price of timber from 1997 to 2004.

The FCA also recommended a fine for fellow paper producer Metsäliitto, but regulators have only...
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