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Company: Syndial S.p.A.
Current Parent Company:
ENI
Parent at the Time of the Penalty Announcement:
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Penalty: $9,000,000
Year: 2005
Date: May 2, 2005
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Syndial S.p.A., an Italian company formerly known as Enichem S.p.A., agreed to plead guilty and pay a $9 million criminal fine for participating in an international conspiracy to fix prices in the polychloroprene rubber market.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Antitrust Division
Civil or Criminal Case: criminal
HQ Country of Current Parent: Italy
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: oil and gas
Specific Industry of Current Parent: oil & gas
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
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