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Europe Daily Bulletin No. 12527

15 July 2020
Contents Publication in full By article 18 / 35
ECONOMY - FINANCE - BUSINESS / Competition
Commission fines ethylene purchasers €260 million in cartel settlement
Brussels, 14/07/2020 (Agence Europe)

The European Commission decided, on Tuesday 14 July, to impose fines totalling €260 million on Orbia, Clariant and Celanese (out of which €155.7 million for Clariant alone) for breaching EU antitrust rules. Westlake was not fined as it revealed the cartel to the Commission.

The companies took part in a cartel concerning purchases on the ethylene merchant market. They colluded to buy ethylene for the lowest possible price. All four companies acknowledged their involvement in the cartel...

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