Business Services Industry

Korean Fair Trade Commission closes cartel investigation of Stolt-Nielsen Transportation Group

Nordic Business Report, Jan 4, 2006

NORDIC BUSINESS REPORT-4 January 2006-Korean Fair Trade Commission closes cartel investigation of Stolt-Nielsen Transportation Group(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

Norwegian chemicals transportation group Stolt-Nielsen SA said on Tuesday (3 January) that the Korean Fair Trade Commission has closed its investigation of Stolt-Nielsen's subsidiary Stolt-Nielsen Transportation Group in connection with alleged cartel activity in the parcel tanker industry.

"The company is pleased with the Commission's decision," Stolt-Nielsen said in a brief statement.

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COPYRIGHT 2006 M2 Communications Ltd.
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