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Article

1 Dec 2001

Author:
Russell Mokhiber, Multinational Monitor

A Strong Cartel

The European Commission in November fined eight companies [including Hoffmann-La Roche & BASF] a total of $755.1 million for participating in eight distinct secret market-sharing and price-fixing cartels affecting vitamin products..."It is particularly unacceptable that this illegal behavior concerned substances which are vital elements for nutrition and essential for normal growth and maintenance of life" [said Competition Commissioner Mario Monti]