European Distributors Raided in Antitrust Probe

Officials from the antitrust authorities of France and Germany, accompanied by police officers, raided offices of a number of leading chemical distributors in both countries on April 26, as part of an investigation into a possible conspiracy to fix prices. The Bundeskartellamt (Bonn), Germany’s antitrust authority, confirms that it raided offices of 14 companies and visited “five private houses of suspects,” on “strong suspicions” of price fixing, volume quotas, and carving up of markets. A further 14 sites were raided in France...

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