On 29 June 2012, the EU’s General Court (“GC”) handed down its judgments on appeals brought by E.ON and GDF Suez against a Commission decision fining them for their involvement in a market-sharing agreement. In its judgments, the GC confirmed the previous Commission decision, but reduced the fine imposed on each of the undertakings from € 553 million to € 320 million. In July 2009, the Commission had imposed a € 553 million fine on each of E.ON and GDF Suez for having concluded a market-sharing agreement covering the French and German natural gas markets, in breach of Article 101 TFEU. The Commission found that E.ON and GDF had concluded an agreement in 1975 in connection with the construction and operation of the MEGAL pipeline in order to import Russian gas into Germany and France. Among
Share on
|
|
The EU General Court reduces fine imposed on each undertaking in a case involving market sharing in the energy sector (GDF Suez / E.ON)
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.
