Clariant AG (CLZNY.PK, CLZNF.PK), a Swiss speciality chemical company, announced that on 16 July 2025, it received a legal claim from LyondellBasell at the Amsterdam court, alongside three other companies. The claim seeks approximately 1.6 billion euros in damages, alleging violations of competition law in the ethylene purchasing market—a matter previously sanctioned by the European Commission in July 2020.
Clariant firmly denies the allegations and intends to vigorously defend its position, citing economic evidence that the conduct had no market impact.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.