The EU Commission fines a multinational conglomerate company for providing incorrect information during the assessment of its merger (General Electric)

Mergers: Commission fines General Electric €52 million for providing incorrect information in LM Wind takeover* The European Commission has fined General Electric €52 million for providing incorrect information during the Commission's investigation under the EU Merger Regulation of GE's planned acquisition of LM Wind. Commissioner Margrethe Vestager, in charge of competition policy, said: "Our merger assessment and decision-making can only be as good as the information that we obtain to support it. Accurate information is essential for the Commission to take competition decisions in full knowledge of the facts. The fine imposed today on General Electric is proof that the Commission takes breaches of the obligation for companies to provide us with correct information very seriously.”

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European Commission, The EU Commission fines a multinational conglomerate company for providing incorrect information during the assessment of its merger (General Electric), 8 April 2019, e-Competitions Bulletin May 2019, Art. N° 90272

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