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Chemical Week Magazine :: Newsbriefs
Sasol fine reduced
6:22 AM MDT | August 29, 2014
The European General Court (Luxembourg) has more than halved the â‚¬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 â‚¬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 commissionâ€™s investigation of the cartel covers...
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