Symrise says U.S. Department Of Justice drops antitrust probe
Reuters
Feb 09
UPDATE 1-Symrise says U.S. Department Of Justice drops antitrust probe
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Feb 9 (Reuters) - Symrise AG SY1G.DE said on Monday that investigations against it in U.S. antitrust proceedings by the Department of Justice have been dropped.
The German fragrances and flavours maker said no unlawful anti-competitive conduct on the part of Symrise had been established.
Symrise as well as peers GivaudanGIVN.S, Firmenich - which has merged with DSMDSFIR.AS- and International Flavors & Fragances IFF.N came under scrutiny from competition regulators in 2023 on suspicion of anti-competitive agreements.
Last October, IFF agreed to pay $26 million to resolve parts the case.
(Reporting by Maria Rugamer, Simon Ferdinand Eibach and Patricia WeissEditing by Ludwig Burger)
((maria.rugamer@thomsonreuters.com;))
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