The EU General Court reduces fines for three groups in candle wax cartel case (Sasol / Esso / ExxonMobil / RWE)

On 11 July 2014, the General Court (“GC”) handed down three judgments reducing the fines imposed by the Commission’s decision of 1 October 2008 in the candle wax cartel case following appeals lodged by Sasol, Esso France and ExxonMobil, and RWE AG. On 1 October 2008, the Commission imposed fines totalling over € 676 million on nine groups for having participated in a cartel on the EEA paraffin wax market and the German slack wax market from 1992 until 2005 (see VBB on Competition Law, Volume 2008, No. 10). Appeals were subsequently lodged before the GC. GC reduces fine on Esso France and ExxonMobil by € 20.8 million The GC upheld Esso France’s (formerly Mobil Corp. prior to 2003) and Exxonmobil’s (the 1999 merged entity of Exxon Corp. and Mobil Corp.) claims that the Commission had made

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  • Van Bael & Bellis (Brussels)

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Richard Burton, The EU General Court reduces fines for three groups in candle wax cartel case (Sasol / Esso / ExxonMobil / RWE), 11 July 2014, e-Competitions Bulletin July 2014, Art. N° 68711

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