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EnviroTech :: Regulatory :: Regulatory: Legal

European Commission tries again to fine ENI and Versalis as repeat offenders in synthetic rubber price-fixing case

7:17 AM MST | March 1, 2013 | Francinia Protti-Alvarez

The European Commission has informed ENI (Rome) and its chemicals affiliate Versalis (Milan), formerly known as Polimeri Europa, that it intends to reimpose a supplementary fine on the companies for being repeat offenders in the context of an earlier synthetic rubber price-fixing cartel investigation, the commission announced today. ENI and Versalis now have the opportunity to reply to the commission's objections before the commission can take a decision to reimpose the additional fine. The planned fine, totaling €90.75 million ($119.1 million), split...

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