January 16, 2018 / 10:52 AM / 4 months ago

EU says it has raided paper company in cartel inquiry

BRUSSELS (Reuters) - The European Commission carried out an unannounced inspection of a company selling kraft paper and industrial paper sacks as part of an investigation into a possible cartel.

FILE PHOTO: European Union flags are seen flying at half-mast outside the headquarters of the European Commission in tribute to the victims of the shooting at the Paris offices of weekly newspaper Charlie Hebdo on Wednesday, in Brussels January 8, 2015. REUTERS/Francois Lenoir

The Commission said in a statement on Tuesday that the inspection took place on Monday at a company in an EU country, without saying which, and followed other raids in 2016 and 2017.

“The Commission has concerns that the inspected company may have violated Articled 101 of the Treaty on the Functioning of the European Union, which prohibits anticompetitive practices such as price fixing and customer allocation giving further details,” the Commission said.

It added that inspections did not mean that companies were guilty of anti-competitive behaviour.

On Monday, Euromoney said the European Commission was conducting an unannounced inspection at the Brussels office of its RISI business.

Reporting by Philip Blenkinsop; editing by Robert-Jan Bartunek

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