Unilever, P&G Fined $457 Million by EU for Detergent Cartel
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Unilever and Procter & Gamble Co. agreed to pay 315.2 million euros ($457 million) in fines to end a European Union probe into price fixing of laundry detergent.
P&G, the maker of Ariel washing powder, was fined 211.2 million euros and Unilever will pay 104 million euros for agreeing with Henkel KGaA, the German maker of Persil, to fix prices of the detergent in eight countries over a three-year period, the European Commission said today in an e-mailed statement.