Car battery cartel ordered to pay €68 million fine

The European Commission fined three recycling companies a total of €68 million for creating a car battery cartel. Campine, Eco-Bat Technologies and Recylex were found to have fixed the prices of scrap automotive batteries, breaching EU antitrust rules.

The companies bought the used batteries from scrap collectors and dealers. This cartel was different from most as the companies conspired to push down the purchase price paid to obtain the batteries. As the companies coordinated prices, they also changed the normal functioning of the market and stopped price competition.

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