EC fines Bayer,Zeon Eur34 mil for fixing butadiene rubber prices

摘要

London-The European Commission has imposed fines totaling Eur34.2 million (50.6 million) on Germany's Bayer and Japan's Zeon for fixing prices for nitrile butadiene rubber,the Commission announced January 23.Bayer's and Zeon's actions were in violation of the EC Treaty's and the EEA Agreement's ban on cartels and restrictive business practices (Article 81 of the EC Treaty and Article 53 of the EEA Agreement).