LUXEMBOURG, July 13 | Wed Jul 13, 2011 4:07am EDT
(Reuters) – Royal Dutch Shell (RDSa.L) and Dow Chemical (DOW.N) lost a court appeal on Wednesday against a fine levied by EU regulators five years ago for taking part in a cartel, but the court cut a fine imposed on Italy’s Eni (ENI.MI).
The General Court, Europe’s second-highest, also annulled penalties levied against Czech petrochemicals group Unipetrol (UNPEsp.PR) and Polish company Trade-Stomil.
“With regard to Unipetrol, its subsidiary Kaucuk and Trade-Stomil, the Court considers that the evidence admitted by the Commission is not sufficient for a finding that those companies participated in unlawful agreements,” the court found.