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Image header Agence Europe
Europe Daily Bulletin No. 10646
ECONOMY - FINANCE - BUSINESS / (ae) competition

General Court reduces fines imposed on E.ON and GDF Suez

Brussels, 02/07/2012 (Agence Europe) - In its ruling of 29 June (Cases T-360/09 and T-370/09), the General Court of the EU reduced the fines of €553 million imposed by the European Commission on GDF and E.ON for sharing the French and German markets for natural gas to €320m for each company. The Commission had found that the companies were in breach of competition law (see EUROPE 9938). The General Court confirmed the main points of the Commission decision but found that there were...

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