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Image header Agence Europe
Europe Daily Bulletin No. 8778
Contents Publication in full By article 13 / 33
GENERAL NEWS / (eu) eu/competition

Fine of over EUR 200 million to copper plumbing tubes cartel

Brussels, 03/09/2004 (Agence Europe) - The European Commission has decided to impose a fine of EUR 222.3 million on a group of companies that had formed a cartel in the European market for plumbing tubes in copper between June 1988 and March 2001. The tubes are mainly used for water, gas and heating installations, a market that was worth around EUR 1.15 billion in 2000, the last complete year during which the cartel operated. Groups concerned are Swedish Boliden (a fine of EUR 32.6 million),...

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