Tag: Alcogroup

European Commission closes Alcogroup antitrust investigation

European Commission closes Alcogroup antitrust investigation

May 23, 2023 |

In Belgium, the European Commission has decided to close its antitrust investigation into Alcogroup S.A. and its subsidiary Alcodis S.A for their alleged participation in a cartel concerning the wholesale price formation mechanism for ethanol in Europe. On July 7, 2022, the Commission informed Alcogroup as well as Lantmännen ek för and its subsidiary Lantmännen […]

Read More

European Commission says Alcogroup, Lantmännen and Abengoa breached EU antitrust rules

European Commission says Alcogroup, Lantmännen and Abengoa breached EU antitrust rules

July 7, 2022 |

In Belgium, European Commission has informed Alcogroup S.A. and its subsidiary Alcodis S.A. (together ‘Alcogroup’) as well as Lantmännen ek för and its subsidiary Lantmännen Agroetanol AB (together ‘Agroetanol) of its preliminary view that, together with Abengoa S.A. (‘Abengoa’), which settled the case in December 2021, they have breached EU antitrust rules. The Commission considers […]

Read More

Alcogroup and Abengoa to fight EU’s claims of ethanol price manipulation at hearings

Alcogroup and Abengoa to fight EU’s claims of ethanol price manipulation at hearings

January 28, 2020 |

In Belgium, Reuters reports that Alcogroup and Abengoa plan to fight against anti-trust charges of manipulating ethanol prices at hearings in front of the European Commission and national authorities on Tuesday and Wednesday. The companies could be charged up to 10% of the global turnover if the hearing rules against them, or the case could […]

Read More

European Commission charge Abengoa and Alcogroup with manipulating ethanol price benchmarks

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 […]

Read More

Maple Energy gets solid offer from Graña y Montero and Alcogroup

Maple Energy gets solid offer from Graña y Montero and Alcogroup

October 16, 2014 |

In Peru, Maple Energy has received an offer from Graña y Montero and Alcogroup for an initial $4 million to acquire an equity interest of 40% in The Maple Companies, Limited, the subsidiary dedicated to ethanol production and hydrocarbons operations, in which Maple has a 95.4% interest. The investors will commit to make a further […]

Read More