EU fines Suez Environnement over antitrust probe

24th May 2011, Comments 0 comments

European antitrust watchdogs announced on Tuesday an eight-million-euro ($11.3 million) fine for French waste giant Suez Environnement and its Lyonnaise des Eaux (LDE) subsidiarity.

The fine was issued after LDE and Suez Environnement admitted that an LDE employee had broken a legal seal during an inspection in April last year. The company said in a statement that the breach was "inadvertent."

The investigation into suspected anti-competitive practices in the water and waste water markets is still on-going, the commission underlined.

© 2011 AFP

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