PLASTIC BAGS CARTEL FINE
January 1st, 2006
BY KEITH NUTHALL
THE EUROPEAN Commission has fined 16 firms Euro 290.71 million for operating a cartel in the plastic industrial bags market, in clear violation of European Union (EU) fair trade rules. One British participant - British Polythene Industries PLC - escaped being penalised, along with Belgium's Combipac BV, however, after they tipped off the Commission about the cartel, which covered Germany, the Netherlands, Belgium, Luxembourg, France and Spain. Another UK firm, Low & Bonar PLC, was less lucky, being fined Euro 12.24 million along with Dutch ...
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