EC antitrust officials search premises of kraft paper and industrial paper sacks companies
Inspections are part of antitrust investigation initiated last March. EC concerned that companies involved may have violated laws on price fixing and customer allocation.
The European Commision (EC) announced that its officials have inspected the premises of several kraft paper and industrial paper sacks companies in different EU countries. The officials were looking for evidence of anticompetitive practices: the EC has concerns that relevant companies may have violated EU competition laws, which prohibit price fixing and customer allocation.
According to the EC, the inspections are part of the same investigation that led the Commission to carry out unannounced inspections in March 2016 in the same sectors.
In compliance with EU Market Abuse Regulation and listing disclosure requirements, Mondi Group and Billerud Korsnäs, have informed the public about the inspections carried out at their premises.
Mondi confirmed that inspections were conducted at its office in Vienna and explained that it was fully cooperating with the EC officials. "Mondi is committed to complying with all applicable competition laws and is not aware of any wrongdoing or contravention of the relevant legislation, " the company announced.
Billerud Korsnäs also stressed that it was fully cooperating with the EU antitrust investigation in the markets for bleached and unbleached kraft papers
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