By: ICN Bureau
Last updated : January 14, 2025 2:21 pm
Clariant, along with 3 more companies, was served with a claim for damages
Clariant, a sustainability-focused specialty chemical company, announced that on Thursday, 9 January 2025, the company was served with a claim for damages against four companies, including Clariant, from BASF with the court of Munich, Germany.
The claim alleges damages amounting to EUR 1.4 billion in relation to infringements of competition law on the ethylene purchasing market which was sanctioned by the European Commission in July 2020.
Clariant firmly rejects the allegation and will adamantly defend its position in the proceedings. Clariant has substantiated economic evidence that the conduct of the parties did not produce any effect on the market.