Sasol Unit Accused Of Price-Fixing In Polymer Market

Law360, New York (August 12, 2010, 4:38 PM EDT) -- South Africa's antitrust regulator has accused a Sasol Ltd. unit of colluding to fix prices in the polymer market and has recommended a fine totaling 10 percent of the company's annual turnover.

The South African Competition Commission said Thursday it had referred the case against subsidiary Sasol Chemical Industries Ltd. to the country's Competition Tribunal for prosecution. The regulator added that it had settled a separate case against plastics manufacturer Safripol Ltd., which was accused of colluding with Sasol.

Johannesburg-based Sasol, which reported a total consolidated...
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