translated from Spanish: CMPC denied coercing the competition to participate in the paper poster but said it respects Supreme Court ruling

After justice revoked the benefit of the compensated delation, and forced CMPC to pay about $11.6 billion for collusion in the tissue paper market, the company said it respects and abides by the Court’s ruling Suprema.La company said that during the trial and according to the court ruling, “it provided an effective, truthful and verifiable collaboration”, after having self-reported, and assured that such conduct “was not intended to avoid a penalty equivalent to US$15 million”. In that vein, the company recalled that it reached an agreement with the National Consumer Service (Sernac), for a $150 million refund “ten times the amount of the aforementioned sanction that was distributed to about 13 million people.” CMPC further stated that it maintains its conviction that it did not coerce SCA into participating in the cartel, an argument that was used by the highest court to revoke the benefit and force it to pay the fine. However, the company assured that we “respect and abide by the Supreme Court’s decision.” CMPC reiterates its apologies for facts that, as stated by the Supreme Court, do not relieve any of the parties involved from liability,” the company said, which further assured that it has taken “substantive measures to prevent situations of this will happen again.”

Original source in Spanish