EU Expands Energy Benchmark Probe With Ethanol Raids
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European Union antitrust regulators conducted fresh raids on ethanol companies, escalating a probe into the possible rigging of fuel-price benchmarks begun two years ago, three people familiar with the case said.
An Abengoa SA unit was among the sites inspected by European Commission investigators, said two of the people who declined to be identified because the matter is private. Tereos SA’s premises were also raided, the other person said. The unannounced inspections began on March 24, they said.