Tag: European Commission

European Commission fines Lantmännen $52.3M for participating in ethanol cartel

European Commission fines Lantmännen $52.3M for participating in ethanol cartel

December 7, 2023 |

In Belgium, the European Commission has fined Lantmännen ek för and its subsidiary Lantmännen Biorefineries AB (formerly named Lantmännen Agroetanol AB) (together ‘Lantmännen’) around €47.7 million for participating in a cartel concerning the wholesale price formation mechanism for ethanol in Europe.  This decision follows the adoption of a settlement decision against Abengoa in 2021 and […]

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