E.ON and GDF Suez fines for market-sharing cut by 42 percent
Jun 29, 2012
The European General Court has reduced fines imposed on GDF Suez and E.ON, ruling that the European Commission erroneously calculated the duration of infringement. The two electric utilities had entered into a market-sharing agreement not to compete with their respective national gas markets when they built the Megal pipeline to import gas from Russia.
Each company's new fine is 320 million euros; the original fines from 2009 were 553 million euros each.
Full content: Reuters
Related content: Screens for Conspiracies and Their Multiple Applications (reprint)
Want more news? Subscribe to CPI's free daily newsletter for more headlines and updates on antitrust developments around the world.