Clariant rejects 2 billion euro damages claim
03/10/2025 06:34
Oct 3 (Reuters) - Swiss specialty chemicals maker Clariant CLN.S has rejected allegations from BP Europe BP.L and an ExxonMobil XOM.N subsidiary who are seeking damages for breaching competition law in the ethylene purchasing market. Clariant was one of four companies which have received claims for damages totalling 1.96 billion euros ($2.30 billion) which have been lodged with courts in Munich and Dortmund, the company said. "Clariant firmly rejects the allegations and will adamantly defend its position in the proceedings," the company said. "Clariant has substantiated economic evidence that the conduct of the parties did not produce any effect on the market," it added. ($1 = 0.8532 euros) ($1 = 0.8535 euros) (Reporting by Simon Ferdinand Eibach, editing by John Revill) ((SimonFerdinand.Eibach@thomsonreuters.com;))