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Violation Tracker Individual Record

Company: Solvay S.A.
Current Parent Company: Solvay
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $40,800,000
Year: 2006
Date: March 14, 2006
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal: Price Fixing
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: Belgium
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: chemicals
Specific Industry of Current Parent: chemicals
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.