EU set to issue fines for Bayer, Chemtura on Wednesday -- report

Brussels -- International business publications are reporting that the EU will on Wednesday (21 Dec) announce that Bayer AG and Chemtura Corp. (previously Crompton Corp.) are being fined for fixing prices of rubber chemicals.

A report on Bloomberg said, "The regulator's decision, which follows probes in the United States and Europe, will be announced on Wednesday, according to an EU document obtained by Bloomberg News. The EU investigation was prompted by information from Flexsys NV, a joint venture between Solutia Inc and Akzo Nobel NV, said the people, who declined to be identified. "

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