Mitsubishi Electric, Toshiba Face New Cartel Fines, EU Says
“The decision will be readopted for the two companies for which the general court annulled the fine,” Antoine Colombani, a spokesman for the European Commission, said in an e-mail.
The EU General Court last year ruled the European Commission, the 27-nation EU’s antitrust regulator, had fined the two Asian companies more harshly than European competitors for an electrical-equipment cartel.
The EU fined 10 companies, including Areva SA (CEI) and Alstom SA (ALO), a total of 750.7 million euros ($994.5 million) in January 2007 for fixing prices and carving up the market for gas- insulated switchgear, used to control electrical flow from 1988 to 2004.
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