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Europe Daily Bulletin No. 7758

14 July 2000
Contents Publication in full By article 20 / 45
GENERAL NEWS / (eu) eu/competition
Inflicting for the first time a fine on a third part for lack of information, Co0mmission demands EUR 950,000 from Mitsubishi in Kvaerner/Ahlström case

Brussels, 13/07/2000 (Agence Europe) - The European Commission imposed a fine of EUR 50,000 and a penalty totally EUR 900,000 on Mitsubishi for not having passed on information concerning a joint venture created in 1999 between Kvaerner and Ahlström, in the chemical paste sector. "This is the first time that the Commission punishes a company who is not a notifying party in a merger case. It is also the first time that a company is handed a penalty in the framework of a merger procedure,"...

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GENERAL NEWS
ECONOMIC INTERPENETRATION