We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Archer Daniels Midland Co | TG:ADM | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.265 | -0.54% | 49.16 | 49.095 | 49.245 | 49.93 | 49.08 | 49.205 | 1,895 | 22:50:14 |
U.S. agriculture giant Archer Daniels Midlands Co.'s (ADM) EUR39.69 million fine imposed by the European Commission for price-fixing was reduced to EUR29.4 million Thursday.
The European Court of Justice, Europe's top court, ruled that ADM should not have been classified as a leader in the cartel on the citric acid market.
ADM was part of a group of companies found in 2001 to have formed a price-fixing and market-sharing cartel in citric acid. The commission, Europe's regulator and executive, fined these companies a total of EUR135.22 million. ADM faced an individual fine of EUR36.69 million, raised by 35% for being a leader of the cartel.
Citric acid is a widespread preservative used mainly in food such as jams, jellies and tinned fruit. It is also used in household detergent products as a substitute for environmentally harmful phosphates.
-By Mike Gordon, Dow Jones Newswires; +352 691 180 766; mgordon.dowjones@gmail.com
1 Year Archer Daniels Midland Chart |
1 Month Archer Daniels Midland Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions