(Reuters) -Swiss specialty chemicals maker Clariant has rejected allegations from BP Europe and an ExxonMobil subsidiary who are seeking damages for breaching competition law in the ethylene purchasing market.
Clariant was one of four companies which have received claims for damages totalling 1.96 billion euros ($2.30 billion) which have been lodged with courts in Munich and Dortmund, the company said.
“Clariant firmly rejects the allegations and will adamantlydefend its position in the proceedings,” the company said.
“Clariant has substantiated economic evidence that the conduct of the parties did not produce any effect on the market,” it added.
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(Reporting by Simon Ferdinand Eibach, editing by John Revill)
