Competition Law Update: Unilever and Procter & Gamble fined by the European Commission for fixing soap powder prices

Following a three-year investigation by the European Commission, called “purity”, Unilever and Procter & Gamble have been fined a total of 315m euros for fixing washing powder prices in eight European countries between 2002 to 2005. The cartel covered Belgium, France, Germany, Greece, Italy, Portugal, Spain and the Netherlands. The investigation followed a tip-off by…