EU antitrust enforcers have dropped an investigation into the kraft paper market, a year and a half after it launched dawn raids, Reuters reported.
The European Commission inspected the Brussels office of Euromoney’s price reporting agency RISI in January last year, the business-to-business information provider stated.
The EU competition regulator, which did not name the company in line with its policy, stated at that time that the dawn raid followed others in 2016 and 2017 and was based on concerns that the firm may have taken part in a kraft paper and industrial paper sacks cartel.
“On 10 May 2019, the Group received confirmation that this case has been closed,” Euromoney said in the report.
The Commission, which can fine companies up to 10% of their global turnover for breaching EU antitrust rules, did not immediately respond to a request for comment.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Pork Industry Faces Legal Challenges as Antitrust Lawsuits Against Seaboard Foods Dismissed
Oct 2, 2024 by
CPI
CMA Strengthens Investigation with Advisory Panel of Veterinary Experts
Oct 2, 2024 by
CPI
US Merchants Sue Visa, Alleging Unfair Dominance in Debit Card Market
Oct 2, 2024 by
CPI
European Commission Appoints New Chief Competition Economist
Oct 2, 2024 by
CPI
EU Commission Requests Information from YouTube, Snapchat, TikTok on Algorithm Usage
Oct 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Refusal to Deal
Sep 27, 2024 by
CPI
Antitrust’s Refusal-to-Deal Doctrine: The Emperor Has No Clothes
Sep 27, 2024 by
Erik Hovenkamp
Why All Antitrust Claims are Refusal to Deal Claims and What that Means for Policy
Sep 27, 2024 by
Ramsi Woodcock
The Aspen Misadventure
Sep 27, 2024 by
Roger Blair & Holly P. Stidham
Refusal to Deal in Antitrust Law: Evolving Jurisprudence and Business Justifications in the Align Technology Case
Sep 27, 2024 by
Timothy Hsieh