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Sasol fine reduced

6:22 AM MDT | August 29, 2014

The European General Court (Luxembourg) has more than halved the €318-million ($420 million) fine imposed on Sasol in 2008 for participating in a price-fixing cartel for paraffin wax. The fine was cut to €150 million after judges decided that the European Commission wrongly blamed Sasol for the behavior of wax company Schumann. Sasol bought a stake in Schumann in 1995 and acquired the rest of the company in 2002. The commission’s investigation of the cartel covers...

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