Lenzing AG
Approved Evidence
Added to Rotten Company: 8/23/2026
Conduct/Event period: 2020–June 2024
Ongoing: No
Resolution status: Resolved
Resolution date: June 2024
Lenzing EUR 75,000 gun-jumping fine
Summary
The Austrian Cartel Court imposed a EUR 75,000 fine on Lenzing AG in 2024 for prohibited implementation of a concentration before competition clearance. The matter concerned the creation of the Hygiene Austria LP GmbH joint venture with Palmers Textil. The Austrian Federal Competition Authority reported that it became aware of the standstill violation through a parliamentary inquiry and subsequently pursued the infringement. Source: https://www.bwb.gv.at/fileadmin/user_upload/PDFs/DE_FINAL_BWB_Taetigkeitsbericht2024_barrierefrei_16.06.2025.cleaned.pdf
Evidence Weight
99.99
Severity: high
Recency Weight: 99.99494505287925
File Weight: 1