BERLIN, Jan 14 (Reuters) - Clariant said it
would defend itself against a claim from German rival BASF
seeking 1.4 billion euros ($1.4 billion) in damages
from a group of companies, including Clariant, fined by the EU
for colluding in the purchase of ethylene before 2020.
Clariant was served with a claim targeting four companies on
Jan. 9, the Swiss chemicals group said in a statement issued
late on Monday.
The European Commission in 2020 fined Clariant, Mexico's
Orbia and U.S. group Celanese a total of 260
million euros for colluding to keep the price of ethylene
purchases low, breaching European Union antitrust rules.
The EU Commission said at the time that Westlake
also took part in the purchasing cartel but was spared a fine
because it revealed the activities to the Commission.
Clariant said it had evidence that the conduct of the
parties did not have any effect on the market.
"Clariant firmly rejects the allegation and will adamantly
defend its position in the proceedings," it added.
BASF did not respond to an emailed request for comment.
A Clariant spokesperson confirmed that BASF's claims were
directed at the four companies and that there would have to be a
separate decision on how any compensation payment is to be
distributed among them once there is a legally valid verdict.
The other companies did not immediately respond to requests
for comment.
BASF's claim was filed with a Munich court, alleging damages
from infringements of EU competition rules in the 2020 case,
according to Clariant.
Clariant shares were down 1.5% as of 1300 GMT.
The EU Commission also said in 2020 that the four companies
acknowledged their involvement in the cartel and agreed to
settle the case.
($1 = 0.9747 euros)
(Writing by Rachel More and Ludwig Burger; editing by Jason
Neely, Miranda Murray and Emelia Sithole-Matarise)