Recylex loses court fight against EU cartel fine
03/06/2021 10:01
BRUSSELS, June 3 (Reuters) - French recycling group Recylex
RXPA.PA on Thursday lost its appeal against a 26.7 million
euro ($32.5 million) EU cartel fine after Europe's top court
upheld the sanction imposed four years ago.
The European Commission had previously ruled that Recylex,
Ecobat Technologies ECOBT.UL , Belgium's Campine and Johnson
Controls JCI.N had colluded to maximise profits made from
recycling scrap batteries.
Ecobat's fine was the biggest at 32.7 million euros while
Johnson Controls escaped a fine because it had drawn the cartel
to the EU watchdog's attention.
The Luxembourg-based Court of Justice's decision on Thursday
to uphold the EU ruling is final and cannot be appealed.
($1 = 0.8204 euros)
(Reporting by Foo Yun Chee
Editing by David Goodman)
((foo.yunchee@thomsonreuters.com; +32 2 287 6844; Reuters
Messaging: foo.yunchee.thomsonreuters.com@reuters.net))