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DJ EU Fines 14 Cos For Price Fixing Road Bitumen -2(Comtex Business Via Thomson Dialog NewsEdge) Sep 13, 2006 (Dow Jones Commodities News via Comtex) --The commission granted BP PLC (BP) full immunity for cooperating in the investigation. In contrast, it doubled Royal Dutch Shell NV's (RDSA) fine to EUR108 million as a repeat offender. The cartel fines represent the seventh largest ever levied by EU regulators and underline their determination to fight cartels. Companies are liable to up to 10% of their worldwide turnover if they participate, but they can appeal all decisions to the European Court of First Instance in Luxembourg. In 2001, the commission imposed fines of EUR790 million on a vitamin cartel. Last year, it imposed fines of EUR388 million on a hydrogen peroxide cartel and EUR344 million on an acrylic glass cartel. (MORE TO FOLLOW) Dow Jones Newswires 09-13-06 0605ET Copyright (c) 2006 Dow Jones & Company, Inc. |