The EU condemns Bolloré fined for price fixing
June 23, 2010 - 7:25 am
The European Commission has condemned the French Bolloré to pay a fine of 21 million euros for price fixing in the market for carbonless paper.
The Commission fined Bolloré fined 22.68 million euros in December 2001 but the company had appealed to the European Court of Justice annulled the decision in September 2009 for procedural issues.
"The Commission has re-adopted the decision by correcting the procedural error that led to the cancellation of the 2001 decision," the EU executive said in a statement.
It has reduced the original amount of the fine to reflect the cooperation of Bolloré.