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Tag Archives: European Commission
Earlier this month, European Commission officials, as well as officials from the Competition and Consumer Protection Commission (CCPC), carried out unannounced inspections at certain auto insurers in Ireland to investigate suspicions of price fixing. “The Commission has concerns that the … Continue reading
The European Commission has approved the proposed acquisition of Swiss specialty chemical company SIKA AG by French conglomerate Saint-Gobain.
The European General Court has allowed Soliver NV—a relatively small glass manufacturer active in automotive glass, as well as other areas—to avoid an almost $5.5 million USD (€4.4 million Euros) fine by ruling that the European Commission did not provide enough evidence of the company’s alleged anti-trust involvement. The company had asked the court for an annulment of the Commission’s decision.
The General Court of the European Union has reduced the fine imposed on Saint-Gobain for illegal market sharing and exchange of commercially sensitive information regarding deliveries of automotive glass in the European Economic Area (EEA) from $1.2 billion in U.S. dollars (€880 million Euros) to $984 million in U.S. dollars (€715 million Euros). The fine was imposed in 2008 and Saint-Gobain had asked the court for an annulment of the decision.