| Author (Corporate) | European Commission: Press and Communication Service |
|---|---|
| Series Title | Press Release |
| Series Details | IP/04/1454 (9.12.04) |
| Publication Date | 09/12/2004 |
| Content Type | News |
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The European Commission decided on 9 December 2004 to impose fines totalling €66.34 million on Akzo Nobel, BASF and UCB for operating a cartel in the market for choline chloride. Choline chloride, also known as vitamin B4, is used mainly as a feed additive for poultry and pigs, to increase growth, reduce mortality and improve meat quality. Clients are animal feed producers, which in turn supply to European farmers. The level of the fines confirmed the Commission's determination to crack down hard on companies engaged in cartel practices such as price fixing and market sharing. |
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| Source Link | http://europa.eu/rapid/pressReleasesAction.do?reference=IP/04/1454&format=HTML&aged=0&language=EN&guiLanguage=en |
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| Subject Categories | Internal Markets |
| Countries / Regions | Belgium, Germany, Netherlands |
