Johnson Controls is set to escape forthcoming European Union antitrust fines after owning up to price rigging with smaller rivals on the price of lead purchased from scrap dealers, according to Bloomberg newswire.
Eco-Bat Technologies Ltd, Recylex SA, and Campine SA still expect to be fined in the coming weeks for their role in a cartel among companies buying lead recycled from car batteries.
The fines will come just months after the EU fined truckmakers nearly €3billion ($3.3 billion) for setting prices for more than a decade.
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