Electronic firms fined €1.47bn by EU

Royal Philips Electronics and LG Electronics are among companies fined a record €1.47bn by EU anti-trust regulators over price-fixing agreements of now-obsolete cathode-ray tubes used in televisions and computer monitors.

Electronic firms fined €1.47bn by EU
Thu, 06 Dec, 2012 - 00:00
Aoife White

Philips was fined €313.4m while LG faces a €295.6m penalty, said the European Commission yesterday.

Philips and LG also share a fine of €391.9m for a unit they jointly owned.

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CourtsPlace: EUPlace: JapanPlace: South KoreaPerson: Joaquin AlmuniaPerson: Joost AkkermansOrganisation: EUOrganisation: Royal Philips ElectronicsOrganisation: LG ElectronicsOrganisation: PhilipsOrganisation: LGOrganisation: European CommissionOrganisation: PanasonicOrganisation: ToshibaOrganisation: MTPDOrganisation: TechnicolorOrganisation: Thomson SAOrganisation: Samsung SDI Co LtdOrganisation: Technicolor SAOrganisation: Chunghwa Picture Tubes LtdOrganisation: Samsung SDI
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