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The European Commission (EC) has fined four companies operating in the consumer electronics – Philips, Pioneer, Asus and Denon & Marantz – with more than 111 million euros (130 million dollars) for the period 2011-2015 set higher prices for online sales in violation of EU regulations, Reuters and DPA
The four companies imposed minimum or fixed prices on retailers online who sell their products. February 2017.
"As a result of the actions of the four companies, millions of European consumers have had to pay higher prices for household appliances, computers, headphones and many other products, which is illegal under antitrust rules. from the EU. European Commissioner for Competition Margrethe Vestager said:
Illegal behavior of Philips, Pioneer, Asus and Denon & Marantz The presence in various EU markets, particularly in Germany and France, has widespread impact on online segment prices as many online retailers have automatically adjusted their prices to those of their competitors. Price interventions have reduced competition between retailers and raised prices for consumers, the European Commission said. The institution notes that these four companies have cooperated with investigators, which led to a significant decrease in fines
The largest fine was received by Asus in Taiwan – 63.5 million, while the company Dutch Philips will pay nearly 30 million euros. The Japanese group Denon and Marantz will pay 7.7 million euros and another Japanese company, Pioneer, will pay nearly 10.2 million euros.
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