The EU Commission fines rechargeable battery manufacturers for cartel in the settlement procedure (Sony / Panasonic / Sanyo)

Antitrust: Commission fines rechargeable battery producers €166 million in cartel settlement* The European Commission has fined Sony, Panasonic and Sanyo a total of €166 million. The companies and Samsung SDI coordinated prices and exchanged sensitive information on supplies of rechargeable lithium-ion batteries, used for example in laptops and mobile phones, in breach of EU antitrust rules. Samsung SDI was not fined as it revealed the existence of the cartel to the Commission. All companies acknowledged their involvement in the cartel and agreed to settle the case. Commissioner Margrethe Vestager, in charge of competition policy said: "Millions of Europeans use laptops, mobile phones and power tools that run on rechargeable lithium-ion batteries. Today's decision sanctions four

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European Commission, The EU Commission fines rechargeable battery manufacturers for cartel in the settlement procedure (Sony / Panasonic / Sanyo), 12 December 2016, e-Competitions Bulletin December 2016, Art. N° 82434

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