Hungary fined eight fertilizer companies, most of them affiliated with Nitrogenmuvek Zrt., 14.1b forint (US$45 million) for allegedly participating in a cartel, according to a statement from GVH, the state competition authority, reported Bloomberg.
Fines levied against six companies of Nitrogenmuvek, as well as Cargill Magyarorszag Zrt. and Hogyeszi Agrokemiai Kft. Nitrogenmuvek did not immediately reply to an email seeking comment.