Czech Unipetrol, Kaucuk sue EU over cartel fine

19.02.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Czech chemicals group Unipetrol and its subsidiary Kaucuk have filed a suit with the European Court of First Instance against a 17.6 million...

...euro ($23.1 million) fine levied by the European Commission last year, Unipetrol said on Monday.

Kaucuk, which Unipetrol has meanwhile agreed to sell to Poland's Dwory , was among five firms fined a total of 519 million euros last year for a cartel agreement on synthetic rubber prices.

"The suitors jointly claim that the evidence does not suggest that a representative of Kaucuk engaged in any anti-competitive activity," Unipetrol said in a statement.

Unipetrol is majority-owned by Poland's PKN Orlen .

[PRAGUE/Reuters/Finance.cz]

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