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Buyer(s) beware – the European Commission imposes fines of €68 million on participants in a car battery purchasing cartel

Philippe Chappatte et al., Slaughter and May Competition and Regulatory Newsletter, 22 Feb 2017

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The European Commission has fined three car battery recycling companies a combined total of €68 million for their participation in a cartel that fixed prices for the purchase of scrap automotive batteries. In order to reflect the nature of the cartel, the Commission took a novel approach when setting the level of fines and focused on the amount of purchases affected by the cartel instead of using the value of sales, which is the conventional approach.

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