Brussels fine with 166 million to Sony, Panasonic and Sanyo for agreeing the price of rechargeable batteries


Brussels fine with 166 million to Sony, Panasonic and Sanyo for agreeing the price of rechargeable batteries


Samsung also participated, but has dodged the sanction because he confessed to the European Commission the existence of the agreement


  The European Commission announced on Monday the imposition of a fine of 166 million euros to electronics manufacturers Sony, Panasonic and Sanyo for agreeing prices and exchanging information on the rechargeable lithium-ion batteries they produced, which are commonly used in mobile phones and computers.

Samsung also participated in the illegal pact but has dodged the economic sanction because it confessed to Brussels the existence of the cartel, contrary to European rules on competition.

   The competition commissioner, Margrethe Vestager, has justified the fine in which "millions of Europeans" use products that incorporate this type of batteries, so the poster had an "impact on prices" that they paid for their electronic items.

Although the meetings to agree prices and coordinate the strategy took place in the EU between 2004 and 2007, the result affected European consumers, so the Community Executive decided to act, as explained by the Commissioner.

The four affected companies have acknowledged their participation and have agreed to pay the fine, although Samsung has been exempted from the payment for having been the first to report the cartel. However, Sanyo must pay 97.15 million euros (after a 30% reduction in cooperation), Panasonic 38.9 million euros (after a reduction also of 30%) and Sony of almost 30 million euros ( after forgiving 50%).

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