EU sets 519 mln euro fine on rubber cartel


BRUSSELS, Nov 29 (Reuters) - The European Commission imposed its second-largest cartel fine ever on Wednesday -- 519 million euros ($685 million) -- against five companies for fixing prices of synthetic rubber used to make tyres and other products. "Companies belonging to the groups Eni, Bayer, Shell, Dow, Unipetrol and Trade-Stomil operated the cartel from at least 1996 to 2002," the Commission said in a statement. The Commission fined Eni of Italy 272.3 million euros; Shell of the ...

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