News

EC fines chemical companies for cartel activities

15/12/2004

The European Commission (EC) is to impose fines totalling €66.34 million on Akzo Nobel, BASF and UCB for operating a cartel in the market for choline chloride, otherwise known as vitamin B4, used as additive in animal feed for poultry and pigs. The clients, animal feed producers, supply EU farmers. The EC says the move is part of its fight against price fixing and market sharing practices.

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