BRUSSELS, April 13 Consumer goods giants
Unilever (ULVR.L)(UNc.AS) and Procter & Gamble (PG.N) were fined
315.2 million euros ($456 million) by EU regulators on Wednesday
for fixing washing powder prices in eight EU countries.
Germany's Henkel (HNKG_p.DE), which alerted the European
Commission to the cartel in laundry detergent, was not
The fines for Unilever (UNc.AS) and P&G were reduced by 10
percent under the Commission's settlement procedure, after they
admitted taking part in the cartel which had lasted three years,
the EU watchdog said.
"By acknowledging their participation in the cartel, the
companies enabled the Commission to swiftly conclude its
investigation," EU Competition Commissioner Joaquin Almunia said
in a statement.
The cartel operated in Belgium, France, Germany, Greece,
Italy, Portugal, Spain and the Netherlands.
(Reporting by Foo Yun Chee, editing by Rex Merrifield)