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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.10 | -0.19% | 53.68 | 53.47 | 53.66 | 53.98 | 53.42 | 53.73 | 1,469 | 16:03:19 |
From Oct 2019 to Oct 2024
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 |
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