Background
EU antitrust rules prohibit cartels and restrictive business practices and are designed to prevent companies from abusing a dominant market position.
The European Commission imposed fines of around €12 billion cartels in the five years to 2010. It can fine companies up to 10% of their global turnover for infringing EU rules.
Such investigations typically take years and in a number of past cases were triggered by a whistle-blowing company which was then let off without a fine. Penalties for the other infringers are generally heavy as the regulator seeks to deter such behaviour.
Unilever was ordered to pay €104m while P&G was fined €211.2m. Germany's Henkel, which alerted the European Commission to the cartel in washing powder, was not penalised...The European Commission imposed fines of around €12 billion cartels in the five years to 2010. It can fine companies up to 10% of their global turnover for infringing EU rules.
Such investigations typically take years and in a number of past cases were triggered by a whistle-blowing company which was then let off without a fine. Penalties for the other infringers are generally heavy as the regulator seeks to deter such behaviour.
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