The European Commission has fined several animal feed phosphates producers a total of €175.65m. ($226.6m.) for operating a price-fixing cartel lasting over three decades, the executive branch of the EU announced.
Belgium’s Tessenderlo NV was given the largest fine of €83.75m., while French groups Timab Industries SA and Compagnie Financiere et de Participation Roullier (CFPR) shared a fine of €59.85m.
In response to the ruling, Tessenderlo said in a statement: “The investigation relates to events that go back many years. Since then, the existing...