Oct 3 (Reuters) - Swiss specialty chemicals maker
Clariant has rejected allegations from BP Europe
and an ExxonMobil ( XOM ) subsidiary who are seeking damages for
breaching competition law in the ethylene purchasing market.
Clariant was one of four companies which have received
claims for damages totalling 1.96 billion euros ($2.30 billion)
which have been lodged with courts in Munich and Dortmund, the
company said.
"Clariant firmly rejects the allegations and will adamantly
defend its position in the proceedings," the company said.
"Clariant has substantiated economic evidence that the
conduct of the parties did not produce any effect on the
market," it added.
($1 = 0.8532 euros)
($1 = 0.8535 euros)