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Image header Agence Europe
Europe Daily Bulletin No. 9269
Contents Publication in full By article 21 / 36
GENERAL NEWS / (eu) eu/competition

314 million in fines for "copper" cartel

Brussels, 20/09/2006 (Agence Europe) - On Wednesday, the Commission fined 30 companies which produce copper fittings a total of 314.7 million EUR for having taken part in a price-fixing agreement between 1988 and 2004. This sum, the fifth-highest ever for a cartel, concerns 11 groups of companies which set prices, discounts and rebates, agreed on mechanisms to coordinate price increases, allocated customers and exchanged commercially important and confidential information. (A fitting...

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