Brussels has launched surprise raids at Europe’s largest container lines
Maersk Line could face a $1bn fine European Commission investigators have begun riffling through documents at AP Moller-Maersk, CMA CGM, Hapag-Lloyd, Hamburg Sud and Neptune Orient Lines after marching in to their offices this morning.It is not immediately clear what sparked the dramatic action, which is capturing headlines around Europe today.Early reports in Denmark suggest Maersk Line could face a $1bn fine, but the company and the Commission have both pointed out there is no evidence to suggest wrongdoing at this time.In a statement the Commission says it has "reason to believe that the companies concerned may have violated the antitrust rules that prohibit cartels and restrictive business practices and/or abuse of a dominant market position".It is not immediately known whether any documents have been taken away from the liner giants today but sources say it would be standard practice to do so.Maersk says it is cooperating with the investigation and had stressed its innocence.Its legal chief Christian Kledal said in a statement: "Unannounced inspections are a preliminary step in European Commission investigations into suspected infringements of competition rules. However, the fact that the Commission carries out such inspections does not mean that the company has engaged in anti-competitive behaviour ...
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