European Union - European Commission fines animal feed phosphates producers €175 647 000 for price-fixing and market-sharing in first "hybrid" cartel settlement case

The European Commission has concluded its first settlement of a cartel case in a hybrid scenario, where both the settlement and ordinary procedures were followed. It has fined producers of animal feed phosphates a total of €175 647 000 for operating a cartel that lasted over three decades and covered a large part of the European Economic Area (EEA) territory.
Wednesday 21 July 2010 (8 years 1 months 30 days ago)
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The European Commission has concluded its first settlement of a cartel case in a hybrid scenario, where both the settlement and ordinary procedures were followed. It has fined producers of animal feed phosphates a total of €175 647 000 for operating a cartel that lasted over three decades and covered a large part of the European Economic Area (EEA) territory.

All but one company settled the case with the Commission and therefore received a 10% reduction each of their fine. Animal feed phosphates are chemical compounds used in feed for animals such as cattle, pigs, poultry, fish and pets.

The Commission was first informed about the cartel in 2003 by Kemira, one of the participants that applied for leniency. Today's decision establishes that the cartel existed from as early as March 1969 until February 2004, although not all producers were involved for the entire period. The cartel members operated a market-sharing and price-fixing cartel covering most of the EU and subsequently also a great part of the EEA territory. To this end, they allocated market shares, feed phosphates sales quotas and customers among themselves, and coordinated prices and sales conditions when necessary. Such coordination is by its very nature one of the most serious violations of Article 101 of the Treaty on the Functioning of the EU.

http://europa.eu/rapid/pressReleasesAction.do?reference=IP/10/985&format=HTML&aged=0&language=EN&guiLanguage=en

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