The European Commission imposes a fine of € 135.22 M on chemical companies for fixing the price and sharing the market for citric acid (Citric acid cartel)

"Commission adopts eight new decisions imposing fines on hard-core cartels 3. The citric acid cartel"* Following-up on two Decisions adopted earlier in the year 2001 (DecisionsSAS-MaerskandGraphite electrodes, both adopted on 18 July 2001: see Competition Newsletter 2001, Issue n°3), the Commission adopted during the second semester of 2001 eight new Decisions under Article 81(1) of the Treaty and (in most cases) Article 53(1) of the EEA Agreement, imposing heavy fines on a string of hard core cartels. The products concerned by the illegal market-sharing and price-fixing agreements ranged from vitamins and food additives (citric acid) to financial services (currency exchange charges) and from beverage products (beer) to paper and chemicals (sodium gluconate, zinc phosphate). In all,

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

  • DG GROW (Brussels)
  • European External Action Service (Brussels)

Quotation

François Arbault, Francisco Peiro, The European Commission imposes a fine of € 135.22 M on chemical companies for fixing the price and sharing the market for citric acid (Citric acid cartel), 5 December 2001, e-Competitions December 2001, Art. N° 36968

Visites 490

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues