EU Trims €5M From Spanish Co.’s Bleach Cartel Fine

Law360, New York (March 28, 2012, 1:58 PM EDT) -- The European Commission on Tuesday reduced by €5 million ($6.7 million) a fine against Uralita SA months after a European court determined the competition regulator lacked evidence for many of its claims that the Spanish energy-efficient materials company participated in a bleach cartel.

Uralita, which in 2008 was one member of a group of materials companies hit with fines totaling €79 million for allegedly fixing prices for sodium chlorate, an oxidizing agent used mainly for bleaching in the pulp and paper industry, will now pay a...
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