European Commission dawn raids
in paper sector
The
European Commission has confirmed that it has carried out a third dawn raid
into the kraft paper and industrial packaging sector.
On
16 January the EU enforcer raided the Brussels office of RISI, a subsidiary of
Euromoney Institutional Investor.
The
Commission carried out raids in March 2016 and March 2017 as part of its competition
investigations into the same sector. At
the time it did not say which companies were raided. Mondi has, however,
confirmed a raid of its Austrian premises.
The
Commission has not investigated the paper and bags market for over ten years.
It appears that the current probe concerns horizontal cartelisation.
The
latest raid on a market intelligence provider may suggest that the Commission
is focusing on the role of RISI as a platform for exchange of sensitive pricing
information.
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