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Home / News / Antitrust / Abengoa has EUR20 million fine after settling EU bioethanol benchmark fixing probe
Antitrust Antitrust

Abengoa has EUR20 million fine after settling EU bioethanol benchmark fixing probe

By Nicholas Hirst and Tono Gil
  • 10 Dec 2021 05:34
  • 10 Dec 2021 05:36
Article 101 TFEU Benchmarks
Spain’s Abengoa has settled a long-running EU antitrust probe over the fixing of bioethanol benchmarks with a fine of 20 million euros ($22.5 million), the bloc’s competition authority said today.

That appears to leave Lantmännen contesting the allegations, in a surprise development given that the Swedish cooperative had previously pursued a settlement

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Nicholas Hirst

Chief Correspondent

Nicholas covers EU merger review and antitrust investigations for Mlex in Brussels. He previously wrote about EU affairs for Politico Europe, European Voice and PaRR. After earning an LLM in European law from the College of Europe in Bruges, he spent a year working in the competition practice of a leading competition law firm in Brussels 2009-10. He graduated in modern European languages from Oxford University in 2006.

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Tono Gil

Regulatory Reporter

Tono is a competition reporter for MLex in Brussels. Prior to joining MLex, he worked as a trainee in the European Parliament and as a correspondent in Valencia and Buenos Aires for the Spanish news agency EFE. Tono holds a degree in Journalism from the University of Valencia and a master in Transmedia Journalism.

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