NSG's Pilkington loses challenge to 357 mln euro EU cartel fine

Date: 22 December 2014
Source: www.dailymail.co.uk

Date: 22 December 2014

Glass producer Pilkington, a unit of Japan's Nippon Sheet Glass Co (NSG), lost its challenge on Wednesday to a 357 million euro ($445 million) cartel fine after a top EU court said regulators had come up with the correct sanction.

Pilkington, Saint-Gobain and two other companies were hit with a 1.35 billion euro fine by the European Commission in 2008 for fixing prices and sharing markets over a five-year period starting from 1998.Read more: http://www.dailymail.co.uk/wires/reuters/article-2877510/NSGs-Pilkington-loses-challenge-357-mln-euro-EU-cartel-fine.html#ixzz3McaINPFj Follow us: @MailOnline on Twitter | DailyMail on FacebookGlass producer Pilkington, a unit of Japan's Nippon Sheet Glass Co (NSG), lost its challenge on Wednesday to a 357 million euro ($445 million) cartel fine after a top EU court said regulators had come up with the correct sanction.    

Pilkington, Saint-Gobain and two other companies were hit with a 1.35 billion euro fine by the European Commission in 2008 for fixing prices and sharing markets over a five-year period starting from 1998.

Read more: http://www.dailymail.co.uk/wires/reuters/article-2877510/NSGs-Pilkington-loses-challenge-357-mln-euro-EU-cartel-fine.html#ixzz3McaINPFj

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