European Commission charge Abengoa and Alcogroup with manipulating ethanol price benchmarks

August 30, 2018 |

In Belgium, Reuters reports that the European Commission’s competition watchdog has charged both Abengoa and Alcogroup with rigging ethanol benchmarks published by S&P Global Platts. The three-year investigation also included Sweden’s Lantmannen but they haven’t been charged although it said it was in settlement negotiations. Abengoa and Alcogroup are likely to face fines next year as a result of the charges. Alcogroup said it will contest the charges while Abengoa didn’t respond to requests for comment.

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Category: Policy

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