Business

Clariant rejects TotalEnergies’s allegations against four companies related to the 2020 competition law infringement

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR Muttenz, 26 February 2025 Clariant, a sustainability-focused specialty chemical company, today announced that on Tuesday, 25 February 2025, the company received a claim for damages against four companies, including Clariant, from TotalEnergies with the court of Amsterdam, The Netherlands. The claim alleges damages related to ethylene sales amounting to around EUR 625 million in relation to infringements of competition law on the ethylene purchasing mark

articleClariant AgFebruary 26, 20253/company/clariant-ag/news/clariant-rejects-totalenergiess-allegations-against-four-companies-related-to-the-2020-competition-law-infringement
Clariant rejects TotalEnergies’s allegations against four companies related to the 2020 competition law infringement

About this update from Clariant Ag

[{"type":"image","alt":"Clariant International Ltd","displaySize":"","headline":null,"caption":"Clariant International Ltd","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":114,"url":"https://media.zenfs.com/en/globenewswire.com/1948dabdfcb1ca27093e6679ef62df42"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/FJw0HdasEAPJlpdQQNRIHw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE2MDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/1948dabdfcb1ca27093e6679ef62df42","width":300,"height":114}},"lazy":false},{"type":"text","content":"AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR","length":42,"tagName":"p"},{"type":"text","content":"Muttenz, 26 February 2025","length":25,"tagName":"p"},{"type":"text","content":"Clariant, a sustainability-focused specialty chemical company, today announced that on Tuesday, 25 February 2025, the company received a claim for damages against four companies, including Clariant, from TotalEnergies with the court of Amsterdam, The Netherlands. The claim alleges damages related to ethylene sales amounting to around EUR 625 million 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.","length":712,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"width:340.6px;vertical-align:top;","val":[{"type":"text","content":"CORPORATE MEDIA RELATIONSJochen DubielPhone +41 61 469 63 63 [email protected] Ellese CaruanaPhone +41 61 469 63 63 [email protected] Luca LavinaPhone +41 61 469 63 63 [email protected] Follow us on X, Facebook, LinkedIn, Instagram.","length":287,"tagName":"p","attribs":{}}]},{"style":"width:340.54px;vertical-align:top;","val":[{"type":"text","content":"INVESTOR RELATIONSAndreas SchwarzwälderPhone +41 61 469 63 73 [email protected] Thijs BouwensPhone +41 61 469 63 73 [email protected] ","length":174,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"2","style":"width:681.14px;vertical-align:top;","val":[{"type":"text","content":"This media release contains certain statements that are neither reported financial resul...

More updates from Clariant Ag

Clariantspecialty chemical companyAmsterdam, The Netherlandsforward-looking statementsEuropean Commission