Order of the Court (Sixth Chamber) of 3 May 2012 --
   World Wide Tobacco Espaņa v Commission
   (Case C-240/11 P)

   Appeal -- Competition -- Agreements, decisions and concerted
   practices -- The Spanish market for the purchase and first processing
   of raw tobacco -- Price-fixing and market-sharing -- Fines -- Deterrent
   effect -- Equal treatment -- Mitigating circumstances -- Maximum limit
   of 10% of turnover -- Cooperation

   1.                     Appeals -- Grounds -- Necessity of some specific
   criticism of a point in the General Court's reasoning (Art. 256(1),
   second para., TFEU; Statute of the Court of Justice, Art. 58, first
   para.; Rules of Procedure of the Court of Justice, Art. 112(1)(c)) (see
   para. 41)

   2.                     Appeals -- Grounds -- Inadequate statement of
   reasons -- Reliance by the General Court on implied reasoning --
   Lawfulness -- Conditions (Art. 256 TFEU; Statute of the Court of
   Justice, Arts 36, 53, first para., and 58) (see para. 65)

   Re:

   Appeal brought against the judgment of the General Court (Fourth
   Chamber) of 8 March 2011 in Case T-37/05 World Wide Tobacco Espaņa v
   Commission by which that court rejected in part an application for a
   reduction in the amount of the fine imposed on the applicant in
   Commission Decision C(2004) 4030 final, of 20 October 2004, relating to
   a proceeding under Article 81(1) [EC] (Case COMP/C. 38. 238/B.2 -- Raw
   tobacco -- Spain).

   Operative part

   1.

   The main appeal and the cross-appeal are dismissed.

   2.

   World Wide Tobacco Espaņa, SA is ordered to pay the costs of the main
   appeal.

   3.

   The European Commission is ordered to pay the costs of the
   cross-appeal.