EU Court Upholds EUR85.8 Million Cartel Fine Against Knauf Gips
01 Luglio 2010 - 10:51AM
Dow Jones News
Europe's highest court Thursday upheld a EUR85.8 million cartel
fine levied against German firm Knauf Gips KG for its role in a
plasterboard cartel.
The firm had asked the European Court of Justice to annul or
reduce the fine levied by the European antitrust regulator, the
European Commission, in 2002.
The fine was imposed as part of a case that resulted in a total
of EUR478.32 million in fines against four firms for their cartel
behavior from 1992 to 1998: Knauf Gips (then known as Gebrüder
Knauf Westdeutsche Gipswerke KG), Lafarge SA (EUR249.6 million),
British firm BPB PLC (EUR138.6 million) and Gyproc Benelux (EUR4.32
million).
The commission said the companies started the cartel to put a
stop to a price war. They met frequently and set up a secret
information-exchange system to "monitor market trends and avoid
over-aggressive competition," it found.
-By Mike Gordon, Dow Jones Newswires; +352 691 180 766;
mgordon.dowjones@gmail.com
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