Reuters: Regulatory News: UPDATE 2-EU raids car shipping service firms suspected of cartel

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 2-EU raids car shipping service firms suspected of cartel Sep 7th 2012, 18:17 Fri Sep 7, 2012 2:17pm EDT * Antitrust raids of maritime transport services firms * Commission does not name companies inspected * Wilh Wilhelmsen units under investigation BRUSSELS, Sept 7 (Reuters) - The European Commission said on Friday it conducted unannounced inspections at several providers of maritime transport services suspected of operating a cartel in a coordinated action with Japanese and U.S. authorities. The Commission said its officials had carried out the inspections on Thursday in several EU member states. It did not name the companies whose premises it visited. Earlier on Friday, Norwegian shipping company Wilh Wilhelmsen said its 50 percent-owned Wallenius Wilhelmsen unit and EUKOR, in which it has a 40 percent stake, were under investigation by EU, Japanese, U.S. and Canadian authorities and were fully cooperating. The Commission said the companies provided maritime transport services for cars and construction and agricultural machinery. It said the fact that it had carried out inspections did not mean that the companies were guilty of anti-competitive behaviour. Investigations can lead to deeper antitrust inquiries and fines. There is no specific deadline for cartel investigations, their length depending on the complexity of the case and the extent of cooperation. Link this Share this Digg this Email Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions