A cartel of European lead recyclers caught up in a price rigging scandal are set to find out how their much they will be fined by European Union antitrust authorities this month, report Reuters.
Last year Ecobat Technologies, Campine and Recylex owned up to price rigging with smaller rivals on the price of lead purchased from scrap dealers.
Johnson Controls, who also admitted to their part in the cartel, won’t be fined after it blew the whistle on the other companies’ actions.
Johnson Controls is fully cooperating with the EU’s ongoing probe into procurement practices, Christian Riedel, a spokesman for the company in Hanover, Germany, told BBB last year.
Five companies were initially embroiled in the scandal, which saw firms fixing the prices of scrap lead-acid batteries in Belgium, France, Germany and the Netherlands over a three-year period to 2012.
The fifth company was subsequently dropped from the case.
The EU Commission fines in cases such as these is capped at 10% of a company’s overall annual turnover.
