EU Slaps €676M Fine On Paraffin Wax Cartel

Law360, New York (October 1, 2008, 12:00 AM EDT) -- The European Commission has hit nine paraffin wax producers - including Exxon Mobil, Sasol and ENI - with more than €676 million in fines, the fourth-largest cartel fine the regulator has levied.

The commission announced Wednesday that Exxon, Sasol and ENI, as well as MOL, RWE, Total, Repsol, Hansen & Rosenthal and Tudapetrol will pay a total of €676,011,400 million in penalties for price-fixing and other anti-competitive behavior between 1992 to 2005.

Sasol - based in South Africa and Germany - received the largest fine of...
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