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Image header Agence Europe
Europe Daily Bulletin No. 9318
Contents Publication in full By article 29 / 38
GENERAL NEWS / (eu) eu/competition

Commission imposes fines of €519 million on rubber cartel

Brussels, 29/11/2006 (Agence Europe) - The European Commission imposed fines totalling €519 million on five groups of companies for taking part in a cartel to fix prices and share customers for some kinds of synthetic rubber (particularly for motor car tyres) in violation of the ban on this type of practice provided for in the EC Treaty (Article 81). Companies belonging to the Eni, Bayer, Shell, Dow, Unipetrol and Trade-Stomil operated the cartel from 1996 to 2002 at least. Bayer...

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