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EU court scraps cartel fine on France's Bollore

Thu Sep 3, 2009 5:39am EDT

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BRUSSELS, Sept 3 (Reuters) - The European Union's top court overturned a 22.7-million-euro ($32.4-million) fine imposed by the bloc's antitrust regulators on French conglomerate Bollore SA (BOLL.PA) in 2001 for alleged participation in a cartel.

The European Court of Justice said in a statement it had upheld fines to two other companies, Papierfabrik August Koehler and Distribuidora Vizcaina de Papeles, which had been punished for running a cartel in the carbonless paper sector.

The executive European Commission imposed fines totalling 313.7 million euros on 10 companies in 2001 because of accusations of price-fixing and market-sharing in the sector.

Three firms appealed against the decision but only Bollore won its case.

"The Commission's decision concerning a cartel on the carbonless paper market is annulled in so far as it concerns Bollore SA," the Luxembourg-based court said. (Reporting by Marcin Grajewski, Editing by Hans Peters)



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