The EU General Court dismisses an appeal of parent companies for their participation in a cartel in the methacrylates sector but reduces the fines on their subsidiaries (Total / Elf Aquitaine)

The General Court reduces the fine imposed on Arkema and its subsidiaries for their participation in a cartel in the methacrylates sector from €219.1 million to €113.3 million* However, the Court upholds the fines imposed on the parent companies Total and Elf Aquitaine By decision of 31 May 2006 [1] the Commission found that Arkema SA (now Arkema France) and its subsidiaries – Altuglas International SA and Altumax Europe SAS – and also their parent companies at the time – Total SA and Elf Aquitaine SA – had participated in a cartel in the methacrylates sector (commonly known as acrylic glass) from 23 January 1997 to 12 September 2002 (from 1 May 2000 to 12 September 2002 in respect of Total SA). The infringement consisted, in essence, in competitors’ discussing prices, in agreeing,

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

Author

Quotation

General Court of the European Union, The EU General Court dismisses an appeal of parent companies for their participation in a cartel in the methacrylates sector but reduces the fines on their subsidiaries (Total / Elf Aquitaine), 7 June 2011, e-Competitions Due Process Research Program, Art. N° 93655

Visites 43

All issues

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