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Unilever is facing competition fine

By Daily Mail Reporter
Updated: 05:06 EDT, 12 April 2011

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Unilever, the consumer goods giant behind Persil, is expected to be fined tomorrow by competition watchdogs for fixing prices in the washing powder market.

The Anglo-Dutch firm, together with Ariel maker Procter & Gamble, are understood to have struck a deal with the European Commission that will see them receive a reduced penalty in exchange for admitting they participated in a cartel.

The Commission can fine companies as much as 10% of global sales, though those found guilty are typically fined 2% to 3% of sales.

Unilever closed up 1p to 1904p.

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