Brussels, 03/03/2011 (Agence Europe) - On 3 March, the EU General Court reduced the fines imposed by the Commission in 2007 on a number of companies for their participation in a cartel on the market for gas insulated switchgear (GIS). However, it kept in place the fine of €396.6 million on another participant in the cartel, the German company Siemens AG, rejecting all arguments put forward by the latter.
On 24 January 2007, the Commission had imposed fines totalling €750,712,500 on 20...