The European Commission fines 3 undertakings a total of € 76 M for participating in rubber chemicals cartel (Chemtura, Bayer and General Quimica)

"Commission fines 3 undertakings a total of € 76 million for participating in rubber chemicals cartel"* In the fifth decision against hard core cartels adopted in 2005, the Commission imposed fines totalling EUR 76 million on a number of rubber chemicals producers, including Chemtura (USA), Bayer(Germany) and General Quimica (Spain), while granting Flexsys (Belgium) full immunity for having disclosed the existence of the cartel to the Commission. The infringement On 21 December 2005, the Commission adopted a decision finding a number of leading world-wide producers of certain rubber chemicals, namely Flexsys, Chemtura (former Crompton) and Bayer, guilty of infringing Article 81 EC by fixing prices and exchanging confidential information in the EEA and elsewhere at least in the period

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  • DG COMP (Brussels)

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Erja Askola, The European Commission fines 3 undertakings a total of € 76 M for participating in rubber chemicals cartel (Chemtura, Bayer and General Quimica), 21 December 2005, e-Competitions December 2005, Art. N° 36740

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