Givaudan, Symrise and Firmenich are under investigation by the European Commission

The three companies are being investigated by presumptive practical anticompetitivas in the economic space European

Editorial
15 of March of 2023
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Givaudan, Symrise and Firmenich are investigated by European Union
Givaudan, Symrise and Firmenich are investigated by European Union

As it informed the last week the media agency 'Europe Press', from Brussels indicated during the day 6 March were making a series of inspections by surprise to several companies of the sector of the scents and perfumery in some countries members of the European Union by presumptive practical anticompetitive in the economic space European.

The executive organ that it is independent to the European Union has not specified of which companies treats and what investigates is "a possible collusion in relation to the supply of scents and ingredients for scents", by what would suppose a break of the rules of competition of the European Union that forbid cartels and the business restrictives and antitrust practicce, as it has been able to know Europe Press. In an official reportf the European Commission, warned that it could be breaking the article 101 of the Treaty of Operation of the European Union.

In the days following the publication of the news, has known through by the media agency 'Reuters' and of some companies that were collaborating with the competent authorities to clear up the facts. The spokesman of Givaudan declared on 8 March, that the multinational was collaborating with the European Commission in the investigation. Reuters, indicated that the Swiss manufacturer of scents and flavours gave to know the same Tuesday that was being investigated by the European organism.

The day 9 March, Firmenich and Symrise, both through an institutional note in his website affirmed that they also were involved in the investigation. In the case of Symrise confirmed that the European authorities had been in the headquarters of Holzminden and that were working in group with Swiss entities, British and American of agreement to "the inadmissible agreements in the sector of the scent and the ingredients." Symrise Added that they could not give more details in this regard.

As it published also 'Reuters' after knowing that Symrise and Givaudan were investigated the actions of the companies fell the back day in the stock exchange. When seeming, the actions of Symrise fell 2,6% to the 11:58 GMT, although the executive director of the company said that it did not expect that the signature saw affected and that his paper was mainly the one of a witness, as it aims the agency of French news.

The maximum limit of fines imposed by infringer the law of competition of the EU is of 10% of the global income of a company.