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This excerpt taken from the ICI 6-K filed Sep 9, 2005. METHACRYLATES – UPDATE As reported previously, in July 2004, ICI received a request for information from the European Commission relating to alleged cartel activity in the European methacrylates industry during the period 1995 to 2003. The Commission has recently issued a statement of objections alleging that ICI was involved in breaches of European competition law. In ICI's case, the allegations concern a period starting in 1995 and ending when it sold its Acrylics business in 1999. ICI’s policy is to conduct
its business in full compliance with all applicable competition laws. ICI
will continue to assist the European Commission with its investigation.
The next step is for ICI to study the statement of objections and supporting
evidence before providing a written response to the Commission. 22 August 2005 |