Uralita Fined Again by EU for Cartel After Court Ruling

Uralita SA (URA) was fined 4.23 million euros ($5.6 million) by European Union regulators for a chemical cartel after a court overturned an earlier penalty.

The European Commission fined the company again today, according to a statement, after the EU’s General Court last year annulled a 9.9 million-euro penalty imposed in 2007.

Uralita will be reimbursed for the difference of the two fines with interest, said a company spokeswoman who declined to be identified.

The Madrid-based firm and former unit Aragonesas Industrias y Energia were among companies fined 79 million euros by the region for operating a cartel for sodium chlorate, an oxidizing agent used to bleach pulp and paper. Ercros SA (ECR), a Madrid-based chemical company, bought the chemicals businesses of Uralita, Spain’s largest building-materials maker, in June 2005.

To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.net.

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.

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