The European Commission fines fives companies over € 19.4 million in cartel settlement for price coordination and customer allocation (Envelopes)

European Commission Seeks To Stamp Out Envelope Cartel With Fines Totaling 19.48 Million Euros* The European Commission has announced that it has imposed fines totaling 19.48 million euros on five European envelope producers for coordinating prices and allocating customers through an anticompetitive cartel. The Commission imposed fines on the five companies – Bong (of Sweden), GPV and Hamelin (both of France), Mayer-Kuvert (of Germany) and Tompla (of Spain) – after they agreed to a settlement that required them to acknowledge their participation in the envelope cartel and their liability for violating

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Authors

  • Constantine Cannon (London)
  • King’s College (London)

Quotation

Richard Pike, Ana Rojo Prada, The European Commission fines fives companies over € 19.4 million in cartel settlement for price coordination and customer allocation (Envelopes), 11 December 2014, e-Competitions Bulletin Leniency, Art. N° 70671

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