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Saint-Gobain’s $1.2 Billion Fine Said to Be Cut Over EU Error

Post Time:Jan 31,2013Classify:Industry NewsView:81

Cie. de Saint-Gobain SA’s record 896 million-euro ($1.2 billion) cartel fine may be reduced by European Union regulators within weeks as officials seek to correct a calculation error, according to two people familiar with the decision.

Regulators will make small reductions in the penalty because they made a mistake in the way they evaluated car-glass sales, said the people, who declined to be identified because the fining process isn’t public. A 370 million-euro fine against Pilkington, a Nippon Sheet Glass Co. (5202) unit, may also be reduced for the same reason, one of the people said.

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Source: http://www.glassonweb.com/news/index/18205/Author:

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