Tag: Lantmännen

European Commission fines ethanol producer Lantmännen $52.4 million over ethanol benchmarks cartel

European Commission fines ethanol producer Lantmännen $52.4 million over ethanol benchmarks cartel

December 16, 2023 |

In Belgium, the European Commission has fined Lantmännen ek för and its subsidiary Lantmännen Biorefineries AB around $52.4 million for participating in a cartel concerning the wholesale price formation mechanism for ethanol in Europe.   The body explained that this decision follows the adoption of a settlement decision against Abengoa in 2021 and the closure […]

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