BASF Fined €236.8 Million After EU Vitamin-Cartel Findings
Company: BASF SE
Summary
The European Commission found BASF responsible for multiple antitrust infringements involving vitamin markets in Europe during the 1990s. The arrangements involved price fixing, sales quotas and other coordination designed to restrict competition across several vitamin products. The Commission originally imposed a total fine of €296.16 million on BASF. Following BASF's appeal, the EU Court of First Instance reduced the total fine to approximately €236.8 million in March 2006. The underlying findings of extensive cartel participation remained. Sources: EUR-Lex https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:62002TJ0015 BASF Financial Report https://www.basf.com/dam/jcr:19fdacea-7aea-3701-86d0-a41221191e11/basf/www/global/documents/en/investor-relations/calendar-and-publications/reports/2007/BASF_Financial_Report_2006.pdf