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InvestmentsEasier cartel rules for packaging, logistics companies, EU's Vestager says By Reuters

Easier cartel rules for packaging, logistics companies, EU’s Vestager says By Reuters

© Reuters.

By Foo Yun Chee

BRUSSELS (Reuters) – Packaging (NYSE:) and logistics corporations could quickly be capable of cooperate on inexperienced initiatives with none worry of flouting cartel rules, EU antitrust chief Margrethe Vestager mentioned on Friday.

Under EU cartel rules, corporations that collude to illegally repair costs or share markets can face fines as much as 10% of their world turnover.

EU antitrust enforcers plan to supply steerage for packaging and logistics corporations, Vestager mentioned within the textual content of a speech to be delivered at an occasion in Helsinki.

“Consider an established market with some bad environmental habits – maybe to do with packaging or logistics. To break out of that rut, companies in that market might need to cooperate, in order to get to a better, more sustainable equilibrium,” she mentioned.

“In such cases, the Commission want to provide legal certainty that they will not fall foul of the EU’s rules on cartels. All of this will be explained in a Commission communication, to be adopted very soon,” Vestager.

She will shortly undertake looser state help rules to permit EU nations to subsidise vitality, local weather and atmosphere initiatives in step with the European Commission’s purpose of greening the bloc’s economic system.

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