The Associated PressPublished: February 21, 2007
Under EU law, cartel practices can lead to fines of up to 10 percent of a participant’s global turnover — money goes into the EU budget and is deducted from national EU contributions. Cartel fines can be contested in the EU high court.
Some recipients of the largest EU cartel fines to date:
1) 2007: ThyssenKrupp AG – €479.7 million (about US$630.5 million)
2) 2001: Hoffmann-La Roche AG €462 million (US$607.3 million)
3) 2007: Siemens AG – €396.6 million (US$521.3 million)
4) 2006: Eni SpA – €272.3 million (US$357.9 million) (under appeal)
5) 2002: Lafarge SA – €249.6million (US$328.1 million) (under appeal)
6) 2001: BASF AG – €236.8 million (US$311.3 million)
7) 2006: Arkema – €219.1 million (US$288 million) (under appeal)
8) 2001: Arjo Wiggins Appleton PLC – €184.3 million (US$242.2 million) (under appeal)
9) 2006: Solvay SA – €167.1 million (US$219.6 million) (under appeal)
10) 2006: Royal Dutch Shell PLC – €160.9 million (US$211.5 million) (under appeal)
By sector:
2007: Elevators, escalators – €992.3 million (US$1.3 billion); 5 companies.
2007: Gas insulated switchgear – €750.5 million (US$986.5 million); 11 companies.
2006: Synthetic rubber – €519.1 million (US$682.3 million); 6 companies.
2006: Hydrogen Peroxide -€388.1 million (US$510.2 million); 9 companies.
2006: Acrylic Glass – €344.6 million (US$452.9 million); 5 companies.
2006: Copper fittings – €314.8 million (US$413.8 million); 11 companies.
2005: Industrial bags – €290.7 million (US$382.1 million); 16 companies.
2006: Bitumen – €266.7 million (US$350.6 million); 14 companies.
2004: Copper plumbing tubes – €222.3 million (US$292.2 million); 9 companies.
2005: Monochloroacetic acid – €216.9 million (US$285.1 million); 5 companies.
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