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Europe Daily Bulletin No. 9686

20 June 2008
Contents Publication in full By article 33 / 54
GENERAL NEWS / (eu) eu/court of justice
Court reduces fine imposed on Hoechst for involvement in sorbates market cartel

Brussels, 19/06/2008 (Agence Europe) - The Court of First Instance has reduced the fine imposed by the European Commission on German company Hoechst GmbH from €99 million to €74.25 million. In a ruling on 18 June, the Court found that it was right that the company had been fined in 2003 for its involvement in a cartel on the sorbates market (sorbates are food preservatives). However, it ruled that Hoecht's fine should not have been increased because of its role as cartel leader, since...

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