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Europe Daily Bulletin No. 11687

13 December 2016
Contents Publication in full By article 17 / 35
ECONOMY - FINANCE / Competition
Commission sanctions rechargeable battery cartel
Brussels, 12/12/2016 (Agence Europe)

On Monday 12 December, the European Commission announced its decision to fine the companies Sony, Panasonic and Sanyo a total of €166 million for having worked with Samsung SDI to coordinate their prices and exchange sensitive information on sales of rechargeable lithium-ion batteries.

These batteries are used in devices such as laptops and mobile phones. Samsung SDI revealed the existence of the cartel to the Commission and therefore received total immunity. All of the companies involved...

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