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María Victoria Paredes Balén

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Opting-Out-Of-Settlement Could Be Costly: Commission Fines Largest Nordic Ethanol Producer €48 million For Manipulating Ethanol Benchmarks

By Vladimir Novak, David Pérez de Lamo & María Victoria Paredes Balén on December 7, 2023

On December 7, 2023, the Commission imposed a fine of almost €48 million on Lantmännen ek för, the largest producer of ethanol in the Nordic region, for participating in a 1.5-year cartel manipulating the wholesale price of ethanol in the EEA.[1]

Posted in Cartels, Energy, Chemicals & Infrastructure, European Union

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