EU Fines Chemical Companies €79M For Bleach Cartel

Law360, New York (June 11, 2008, 12:00 AM EDT) -- The European Commission has fined a slew of chemical producers €79 million for running an illegal price-fixing cartel during the 1990s for industrial bleach used in the pulp and paper industry.

The competition watchdog hit Arkema France and its former parent company, Elf Aquitaine, with the bulk of the fine, requiring them to pay €59 million because of their past history with cartels.

Finland's Finnish Chemicals and its parent, Erikem Luxembourg of Luxembourg, will pay €10.2 million; Spain's Aragonesas Industrias y Energia and Uralita will pay...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.