A €318 million (R4.6 billion) antitrust fine levied on Sasol has been cut by more than half after judges said EU regulators had wrongly blamed the petrochemicals firm for the behaviour of a unit, as per Bloomberg. The fine for fixing the price of paraffin wax was cut to €150 mln by the EU’s General Court in Luxembourg. The court said officials were wrong to hold Sasol and its German unit responsible for price-fixing by Hamburg-based wax business Schumann. Sasol bought a stake in the firm in 1995 and acquired the rest of the company in 2002.
15-Jul-14 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}