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Image header Agence Europe
Europe Daily Bulletin No. 11687
Contents Publication in full By article 17 / 35
ECONOMY - FINANCE / Competition

Commission sanctions rechargeable battery cartel

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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