| Author (Person) | Tait, Nikki, Wilson, James |
|---|---|
| Series Title | Financial Times |
| Series Details | 14.4.11 |
| Publication Date | 14/04/2011 |
| Content Type | News |
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The European Commission fined Procter & Gamble and Unilever a total of €315.2 million in April 2011 for operating a cartel together with Henkel in the market for household laundry powder detergents in eight European Union countries. The fine on the two companies includes a 10% reduction for acknowledging the facts and enabling a swift conclusion of the investigation. Henkel got immunity for revealing the cartel to the Commission. The three companies are the leading producers of washing powder in Europe. The cartel lasted some three years and aimed at stabilising market positions and at coordinating prices in violation of EU and EEA antitrust rules (Article 101 of the EU treaty and Art. 53 of the EEA agreement). |
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| Subject Categories | Internal Markets |
| Countries / Regions | Europe |
