Friday, June 29, 2007

Degussa Reprieve in EU Cartel Case Shows Confessions Good for Bottom Line

(Bloomberg) -- Executives at Degussa AG, the world's
biggest specialty chemicals maker, in 2002 blew the lid off a
six-year-old conspiracy to fix the price of hydrogen peroxide by
handing over proof of its own involvement in the scheme.

That revelation allowed the German chemical maker, which had
already been penalized for other antitrust violations, to avoid
another 130 million-euro ($175 million) penalty for its
wrongdoing.


Read more at Bloomberg Exclusive News

No comments: