The Hungarian Competition Authority reduces a fine imposed to an undertaking in the framework of a leniency programme (Kemira, Tessenderlo)

The Competition Council of the Hungarian Competition Authority recently established that a number of undertakings which make up the Finnish group Kemira and the Belgian group Tessanderlo took part in an egregious violation of the Hungarian competition rules which took the form of a market-sharing and price-fixing agreement in relation to the Hungarian market. The infringement in question was one element of an international cartel which lasted between 1991 and 2003 and was also the longest lasting cartel uncovered by the Hungarian Competition Authority