02 August 2006 10:20 [Source: ICIS news]
LONDON (ICIS news)--The European Commission (EC) has closed its investigations into DSM over its alleged involvement in a price-fixing cartel for the synthetic rubber chemical EPDM without making any charges, the Dutch chemicals group said on Wednesday.
“The EC has informed DSM that it has closed its investigations into alleged violations of anti-trust laws involving the EPDM without charges of any kind against DSM or affiliates,” said a statement from DSM.
A similar decision was made by the US Department of Justice on 27 July, added DSM.
The EC investigations started in December 2002 when anti-trust officials raided the offices of DSM and Germany's Bayer to investigate an alleged cartel among synthetic rubber producers.
In December 2005, European Union (EU) regulators fined Bayer €58.9m ($71m) and Crompton/Chemtura €13.6m for operating a cartel between 1996 and 2001, finding that they shared information about prices of rubber chemicals in contravention of EU competition rules.
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