BRUSSELS/ZURICH, March 7 (Reuters) - Swiss fragrance and flavour maker Givaudan (GIVN.S) said on Tuesday that it was being investigated by European Union and Swiss antitrust authorities after the EU announced earlier it had raided several companies on concerns of a cartel in the supply of fragrances and fragrance ingredients.
"I can confirm that we are part of an industry-wide investigation by European and Swiss authorities.
When presented with evidence of wrongdoing, the bloc's rules allow the EU antitrust enforcer to enter company offices, examine and take copies of records related to the business, as well as question staff.
The EU competition enforcer said it had been in contact with the U.S. Department of Justice and competition agencies in Britain and Switzerland and that the raids were conducted in consultation with them.
Companies face fines as much as 10% of their global turnover for violating EU antitrust rules.