Saint-Gobain’s EU Fine Cut to $1.15 Billion to Correct Error

Bloomberg
March 6, 2013
COMMERCIAL, RETAIL, FABRICATION : BUSINESS

Saint-Gobain SA’s record European Union cartel fine was reduced to 880 million euros ($1.15 billion), or less than two percent, after regulators said they corrected a calculation error in the original penalty, Bloomberg reports. Nippon Sheet Glass Co. unit Pilkington also had its fine cut to 357 million euros from 370 million euros, or 3.5 percent, the European Commission said in an e-mailed statement, according to Bloomberg.

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