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Brussels, 1st June 2007
Antitrust: European Commission confirms issuing a Statement of Objections against alleged participants in a cartel in the paraffin waxes industry
The European Commission can confirm that a Statement of Objections has been sent to a number of companies active in the paraffin waxes industry alleging that they violated Article 81 of the EC Treaty and Article 53 of the Agreement on the European Economic Area, which ban cartels and restrictive business practices. Paraffin waxes are mainly used for making candles.
A Statement of Objections is a formal step in Commission antitrust investigations in which the Commission informs the parties concerned in writing of the objections raised against them. The addressee of a Statement of Objections can reply in writing to the Statement of Objections, setting out all facts known to it which are relevant to its defence against the objections raised by the Commission. The party may also request an oral hearing to present its comments on the case.
The Commission may then take a decision on whether conduct addressed in the Statement of Objections is compatible or not with the EC Treaty’s antitrust rules. Sending a Statement of Objections does not prejudge the final outcome of the procedure.