Europe – As part of a deeper investigation into ‘suspected cartel practices’, the European Commission raided lead recycling companies in several EU countries on September 26, Reuters has reported. The names of the plants subjected to the inquiry have not been disclosed.
‘The Commission has reasons to believe that the companies concerned may have violated Article 101 of the Treaty on the Functioning of the European Union (TFEU), which prohibits cartels and restrictive business practices,’ it elaborated. But the fact that the Commission has deemed it necessary to carry out such inspections ‘does not mean that the companies are guilty of anti-competitive behaviour – nor does it prejudge the outcome of the investigation itself’.
It is not yet known how long the inquiry will continue. According to Commission officials, there is no deadline as each case is bound to vary in complexity and the extent to which the lead recyclers decide to co-operate.
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