BRIEF-Clariant: Rejects Allegations Related To 2020 Competition Law Infringement

Reuters

07-18

BRIEF-Clariant: Rejects Allegations Related To 2020 Competition Law Infringement

July 18 (Reuters) - Clariant AG CLN.S:

REJECTS LYONDELLBASELL'S ALLEGATIONS AGAINST FOUR COMPANIES RELATED TO 2020 COMPETITION LAW INFRINGEMENT
ECEIVED A CLAIM FOR DAMAGES AGAINST FOUR COMPANIES, INCLUDING CLARIANT, FROM LYONDELLBASELL WITH COURT OF AMSTERDAM, NETHERLANDS
CLAIM ALLEGES DAMAGES TOTALING TO AROUND EUR 1.6 BILLION IN RELATION TO INFRINGEMENT OF COMPETITION LAW ON ETHYLENE PURCHASING MARKET WHICH WAS SANCTIONED BY EUROPEAN COMMISSION IN JULY 2020
CLARIANT FIRMLY REJECTS ALLEGATION AND WILL ADAMANTLY DEFEND ITS POSITION IN PROCEEDINGS

Source text: ID:nGNEbGf1mX

Further company coverage: CLN.S

(Reporting by Berlin Newsroom)

((berlin.newsroom@thomsonreuters.com;))

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