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Violation Tracker Individual Record

Company: Akzo Nobel Chemicals International B.V.
Current Parent CompanyCarlyle Group
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Penalty: $32,000,000
Year: 2006
Date: March 14, 2006
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Solvay S.A., a Belgian company, and Akzo Nobel Chemicals International B.V., a Dutch company, agreed to plead guilty and to pay a total of more than $72 million in criminal fines for their participation in international price-fixing cartels in the chemicals industry.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Antitrust Division
Civil or Criminal Case: criminal
HQ Country of Current Parent: USA
HQ State of Current Parent: District of Columbia
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: private equity (including portfolio companies)
Specific Industry of Current Parent: private equity (including portfolio companies)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.