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Company: Bayer AG
Current Parent Company:
Bayer
Parent at the Time of the Penalty Announcement:
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Penalty: $66,000,000
Year: 2004
Date: July 14, 2004
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal:
Price Fixing
Violation Description: Bayer AG, a German manufacturer of rubber chemicals, agreed to plead guilty and pay a $66 million fine for participating in an international conspiracy to fix prices in the rubber chemicals market.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Antitrust Division
Civil or Criminal Case: criminal
HQ Country of Current Parent: Germany
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: chemicals
Specific Industry of Current Parent: chemicals
Source of Data:
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Archived Source:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.
