EU fines Bollore 21 million euros for price-fixing
BRUSSELS, June 23 |
BRUSSELS, June 23 (Reuters) - EU antitrust regulators imposed a 21 million euro ($28.18 million) fine on French industry and media group Bollore (BOLL.PA) on Wednesday for fixing prices illegally in the carbonless paper industry.
The European Commission, the EU competition watchdog, had in December 2001 fined Bollore 22.68 million euros. Bollore later appealed to the European Court of Justice, which annulled the decision in September 2009 on procedural grounds.
"The Commission has re-adopted the decision correcting the procedural error which led to the annulment of the 2001 decision," the European Union executive said in a statement.
It reduced the original fine after Bollore cooperated with the regulator. Carbonless paper, or self-copying paper, is used for duplicating documents.
(Reporting by Foo Yun Chee, editing by Luke Baker)
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