10.09.2009

Akzo Nobel

Europe's highest court upheld on a European Union fine against Dutch chemical group Akzo Nobel for fixing prices of an animal feed vitamin (Choline chloride - B4) with other companies.
The European Commission, the EU executive, had fined Akzo 21 million euros ($30.6 million) in 2004. It also slapped penalties on Germany's BASF and Belgian firm UCB for their role in the choline chloride cartel.
Akzo contested the fine, but the European Court of Justice dismissed the appeal and ordered the company to pay costs.