Swedish paper multinational SCA, which has been accused of taking part in a massive price-fixing scheme affecting Latin America’s tissue paper market, has handed over a set of documents laying out it’s arguments for justifying their alleged collusion with Chile’s CMPC. Both companies have tried to approach authorities seeking leniency deals in exchange for revealing information on the deal.
The documents delivered by SCA have already proved inconsistent with the testimony of CMPC Tissue’s former general manager, Jorge Morel, as well as with statements by other company executives. Among the contested facts is the date in which the agreement was reached, with Morel claiming an early 2000 date while SCA has argued that CMPC Tissue and PISA (bought by SCA) had agreed on price-fixing starting in 2006 through 2013.
SCA’s statement also claims that “the agreement was organized, monitored and managed by CMPC, which coerced SCA into accepting the deal and into retaining its market share so as to fulfil its given role within it.” The Swedish company also faces antitrust issues in Ecuador, Spain, Poland and Hungary.
Source: El Mostrador
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Pushes Review of CoStar’s Commercial Real Estate Antitrust Case
Jan 31, 2024 by
CPI
UK’s CMA Investigates Ardonagh’s Atlanta Group and Markerstudy Merger
Jan 31, 2024 by
CPI
Greenberg Traurig Grow Financial Regulatory and Compliance Practice
Jan 31, 2024 by
CPI
Dutch Regulator Fines Uber €10 Million for Privacy Violations
Jan 31, 2024 by
CPI
DOJ Investigates AI Competition, Eyes Microsoft’s OpenAI Deal: Bloomberg
Jan 31, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – The Rule(s) of Reason
Jan 29, 2024 by
CPI
Evolving the Rule of Reason for Legacy Business Conduct
Jan 29, 2024 by
CPI
The Object Identity
Jan 29, 2024 by
CPI
In Praise of Rules-Based Antitrust
Jan 29, 2024 by
CPI
The Future of State AG Antitrust Enforcement and Federal-State Cooperation
Jan 29, 2024 by
CPI