The EU Commission fines a Spanish ethanol producer €20 million for participating in a cartel concerning the wholesale price formation mechanism in the EU ethanol market (Abengoa)

On 10 December 2021, the European Commission issued a press release in which it reported that it had fined Spanish ethanol producer, Abengoa S.A. and its subsidiary Abengoa Bionenergía S.A. (together, “Agengoa”), € 20 million for participating in a cartel concerning the wholesale price formation mechanism in the EU ethanol market between 6 September 2011 and 16 May 2014 (See European Commission, The EU Commission fines a

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  • Van Bael & Bellis (Brussels)

Quotation

Steve Ross, The EU Commission fines a Spanish ethanol producer €20 million for participating in a cartel concerning the wholesale price formation mechanism in the EU ethanol market (Abengoa), 10 December 2021, e-Competitions December 2021, Art. N° 104619

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