EU Sends Antitrust Charges To Animal Feed Phosphate Cos
January 08 2010 - 7:58AM
Dow Jones News
European Union antitrust authorities have sent charges to makers
of phosphates used in animal feed for operating a potential cartel,
an EU spokesman said Friday.
European Commission antitrust spokesman Jonathan Todd confirmed
the investigation but declined to name the companies under scrutiny
or comment further.
Belgian chemicals firm Tessenderlo Chemie NV (TESB.BT), a major
producer of phosphates used in animal feed, said it was aware of
the investigation but declined further comment.
And Norwegian chemical and fertilizer firm Yara International
ASA (YAR.OS), which acquired the phosphates business of Finnish
chemicals firm Kemira in 2007, said it is cooperating with the
commission's investigation.
"We have been fully cooperating with the EU, and we are now
awaiting the conclusions," a Yara spokesman said Friday.
-By Matthew Dalton, Dow Jones Newswires; +32 2 741 1487;
matthew.dalton@dowjones.com
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