The European Commission fines four undertakings a total of € 344.5 M for participating in an acrylic glass cartel (Arkema, ICI, Lucite, Quinn Barlo)

"Commission fines four undertakings a total of € 344.5 million forparticipating in an acrylic glass cartel"* On 31st May 2006 the European Commission imposed fines on Arkema (formerly Atofina), ICI,Lucite and Quinn Barlo (formerly Barlo) for their participation in a hard core cartel. These four companies were fined a total of € 344,562,500. Arkema and ICI had their fines increased as they are repeat offenders. A fifth participant of the cartel, Degussa, also a repeat offender, avoided a fine by receiving full immunity under the Commission’s leniency regime for being first to provide information about the cartel. The product The addressees of the Decision participated in a single and continuous infringement of Article 81 of the EC Treaty and Article 53 of the EEA Agreement between 23

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Authors

  • Hogan Lovells (London)
  • DG COMP (Brussels)

Quotation

Erin Anderson, Gerald Berger, The European Commission fines four undertakings a total of € 344.5 M for participating in an acrylic glass cartel (Arkema, ICI, Lucite, Quinn Barlo), 31 May 2006, e-Competitions May 2006, Art. N° 36558

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