Italy Fines ButanGas, Liquigas €22M Over LPG Cartel

Law360, New York (March 25, 2010, 3:04 PM EDT) -- Italy's antitrust watchdog has hit ButanGas SpA and Liquigas SpA with nearly €22 million ($29 million) in fines for allegedly participating in a cartel of liquefied petroleum gas suppliers, following on Eni SpA's admission that top executives from all three companies had been meeting to set prices for more than a decade.

Eni escaped penalty by providing evidence of the anti-competitive activity with its leniency application. The Autorita Garante della Concorrenza e del Mercato fined ButanGas nearly €4.9 million ($6.5 million) and Liquigas more than €17.1...
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