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Updated: 8:35 p.m. Wednesday, April 13, 2011 | Posted: 8:34 p.m. Wednesday, April 13, 2011
Wire report
BRUSSELS — The EU’s competition watchdog says it is fining Procter & Gamble and Unilever a total of €315.2 million ($456 million) for fixing prices for powdered laundry detergent together with Henkel in eight EU countries.
The European Commission said Wednesday that Henkel escaped a fine because it blew the whistle on the cartel.
It says the cartel lasted from Jan. 2002 until March 2005.
Procter & Gamble Co. has to pay €211.2 million, while Unilever was fined €104 million. Both companies had their fines reduced because they cooperated with the investigation.
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