Lenzing EUR 75,000 gun-jumping fine
Company: Lenzing AG
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