The European Commission announced on 23 June, on the formation of illegal cartels to manipulate the market in the United States ideal standard Corporation 17 bath products manufacturer to 6.22 billion euros fine.
The European Commission said in a statement, from 1992 to 2004 12 years, the 17 companies through bilateral or multilateral contacts, manipulate Germany, Austria, Italy, Belgium, France and the Netherlands, six EU countries of bathroom products prices and to limit the minimum price, kickback and exchange sensitive commercial information, forming a coalition of the "price", damaged the 2 million consumers.
The European Commission responsible for competition matters Member Joaquin · Almunia said that the cartel organization behavior undermines the interests of many enterprises, and ultimately affects tens of thousands of families, the European Commission will strongly against cartel behaviour and not soft is located to significant fines.
Punishment of 17 companies from many countries, of which only the ideal standard United States company is liable to a fine of € 3.26. Considering that some enterprises because of the difficult financial and economic crisis, it is difficult to pay heavy fines, the European Commission on five companies suing them, leniently.
Cartel is a production of similar commodities company to monopolize the market and get high profits, commodity prices, output and sales agreement and the formation of the Alliance. In accordance with EU requirements, participation in the cartel of the highest possible-on-year to year a turnover of 10% of the fine.
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