The European Commission has readopted a cartel settlement decision against the envelopes manufacturer Printeos and it has re-imposed a fine of €4,729,000 for its participation in a price fixing cartel.
In December 2014, in order to close the Commission’s investigation, Printeos and four other manufacturers entered into a settlement agreement. However, in December 2016 the General Court annulled the fine against Printeos due to lack of sufficient reasoning concerning discretionary fine reductions. The Court did not question Printeos’ liability for the cartel, that was acknowledged by the same undertaking in the settlement procedure.
Today’s decision addresses the procedural error identified by the General Court and re-imposes on Printeos an identical fine to that imposed with the original decision.