The Stolt-Nielsen Transportation Group reported that it is cooperating with competition
authorities in the European Union in connection with an investigation
into possible collusive behavior in the intra-European inland barge
industry.
SNTG had previously
reported that it is cooperating with competition authorities in the
United States and the European Union in connection with
investigations into possible collusive behavior in the parcel tanker
industry.
SNTG has been granted conditional amnesty from prosecution and fines
for violation of U.S. antitrust laws by the Antitrust Division of the
U.S. Department of Justice under its Corporate Leniency Program with
respect to parcel tanker operations. SNTG also has been granted
conditional immunity from imposition of fines by the European
Commission with respect to deep-sea parcel tanker and intra-European
inland barge operations.
During the course of an internal investigation undertaken by SNTG,
the company became aware of possible collusive behavior and notified
the appropriate authorities. As a result, SNTG, its relevant
affiliates and directors and employees, have been granted conditional
amnesty from prosecution and fines, subject to the conditions of the
amnesty programs, including continued cooperation.