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Europe Daily Bulletin No. 9351

25 January 2007
Contents Publication in full By article 11 / 30
GENERAL NEWS / (eu) eu/competition
Commission fines members of gas insulated switchgear cartel over €750 million

Brussels, 24/01/2007 (Agence Europe) - On 24 January, the European Commission decided to levy a fine of €750,712,500 on a cartel operating on the European gas insulated switchgear market. This is the highest fine ever imposed on a single cartel in the history of the Commission, according to Jonathan Todd, the spokesperson to European Competition Commissioner, Neelie Kroes. 10 European and Japanese companies took part in the cartel: Alstom (France), Areva (France), Fuji (Japan), Hitachi...

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