News last update:6 Aug 2012

Degussa loses appeal against EU cartel fine

Evonik Degussa lost its appeal on Thursday against a European Court of First Instance ruling on a fine for taking part in an animal feed cartel.

The European Union's second highest court said it had dismissed Evonik Degussa's appeal in its entirety and that the €91 million ($143.4 million) fine therefore stood. The company had been fined for fixing the price of a chemical used in feed for poultry and pigs after a probe into the industry by the bloc's top antitrust body, the European Commission.

In 2006 the EU Court of First Instance reduced a fine levied by the Commission from €118 million €91 million but upheld the Commission's charge that Evonik Degussa had been breaking EU law.

Related news:
Companies fined for feed additives cartel 

Related website:
Evonik Degussa  

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