Alcogroup, Agroetanol Charged by EU over Ethanol Benchmarks Cartel
by Foo Yun Chee (Reuters) Belgium’s Alcogroup and Sweden’s Agroetanol were charged by EU antitrust regulators on Thursday with taking part in a bioethanol benchmarks cartel in previous years which could lead to fines.
The EU competition enforcer fined Spain’s Abengoa 20 million euros last year for rigging ethanol benchmarks as part of a crackdown on such practices.
Abengoa admitted wrongdoing in return for a reduced fine but Alcogroup and Agroetanol disagreed with the European Commission which sent a charge sheet called a statement of objections to the companies on Thursday.
…
The Commission had previously said the cartel took place from September 2011 to May 2014. READ MORE
Antitrust: Commission sends Statement of Objections to Alcogroup and Agroetanol over alleged ethanol benchmarks cartel (European Commission)
EU charges 2 producers over ethanol benchmarks cartel (Ethanol Producer Magazine)