European Commission confirms antitrust raids on Spanish ethanol producer

April 21, 2015 |

In Belgium, the European Commission confirmed that on March 24, 2015, Commission officials carried out an unannounced inspection in Spain at the premises of a company active in the production, distribution and trading of ethanol, a biofuel. It follows inspections that the Commission and the EFTA Surveillance Authority undertook in May 2013 in the crude oil, refined oil products and biofuel sectors and inspections that the Commission undertook in October 2014 in the biofuel sector. The Commission has concerns that price benchmarks may have been distorted through anti-competitive behavior, including through possible collusion when submitting price information to a Price Reporting Agency. Such behavior, if established, may amount to violations of European antitrust rules that prohibit cartels and restrictive business practices and abuses of a dominant market position (Articles 101 and 102 of the Treaty on the Functioning of the EU and Articles 53 and 54 of the EEA Agreement).

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