About: Cartels

#Media4EU 11-04-2018

European Commission raids offices in sports broadcasting investigation

The European Commission yesterday (10 April) raided the offices of a number of companies involved in sports broadcasting rights, including a unit of Rupert Murdoch's Fox, as part of an investigation into a possible cartel.
Energy 06-03-2018

Bozhidar Danev: Part of Bulgaria’s fuel sector lies in the grey economy

Unusually low fuel prices in Bulgaria are probably the result of cartels, or contraband, Bozhidar Danev told EURACTIV.com in an exclusive interview, saying the authorities have  so far been unable or unwilling to address the issue.
Elections 28-02-2018

Power grid sale upsets Bulgarian, Czech governments

Bulgarian Prime Mininster Boyko Borissov said yesterday (27 February) he would not resign over an unfolding scandal involving the sale of CEZ Bulgaria to an obscure company, saying the sale was a plot to topple him while he was in Brussels for an EU summit last week.
Transport 08-08-2017

German financial watchdog probing carmakers’ ‘cartel’

Germany's financial regulator confirmed on Monday (7 August) it is investigating whether Volkswagen and Daimler failed to notify investors properly following reports that they informed cartel authorities of secret talks with other carmakers that could amount to collusion.
Transport 24-07-2017

Cartel probe looms over German car industry

German carmakers faced a brewing scandal Monday (24 July) as suspicions grew they colluded illegally for decades, further damaging the industry's image and exposing it to massive financial risks.
Competition 05-07-2017

Irish insurance companies raided by Commission officials

European Commission competition officials on Tuesday (4 July) raided the offices of a number of companies that provide motor insurance in the Republic of Ireland, as part of an ongoing investigation into allegations of anti-competitive behaviour.
Competition 08-03-2017

Commission fines car suppliers €155 million

Germany's Mahle Behr, France’s Valeo and four Japanese firms (Panasonic, Calsonic, Denso, Sanden) were accused on Wednesday (8 March) of taking part in one or more cartels
Trade & Society 12-12-2016

EU fines Sony, Panasonic and Sanyo €166m in battery cartel case

The European Commission has hit Sony, Panasonic and Sanyo with a €166 million fine after finding the three tech giants guilty of forging a cartel for rechargeable batteries.
07-12-2016

Commission fines banks €485 million for derivatives cartel

The European Commission fined JP Morgan (€337 million), Crédit Agricole (€114 million) and HSBC (€33 million) on Wednesday (7 December) for participating in a cartel in euro interest rate derivatives initially unveiled in December 2013.
Transport 20-07-2016

Car industry wants tax incentives and bigger trucks, but not regulation

The auto industry wants tax incentives for using cleaner fuels and bigger trucks, according to an internal strategy paper on cutting greenhouse gas emissions that was seen by EURACTIV.com.
Energy 08-06-2016

EU regulators raid Romania’s Romgaz, Transgaz, OMV Petrom

EU antitrust regulators have raided Romanian state-owned gas producer Romgaz, gas pipeline operator Transgaz and top oil and gas firm OMV Petrom, over the suspected blocking of gas exports to other EU countries.
Agrifood 07-12-2015

EU opens investigation into biofuel benchmark fixing

The European Commission said on Monday (7 December) that it had opened a formal antitrust investigation to look into suspicions that three ethanol producers have colluded to manipulate benchmark prices used by the industry.
Competition 17-11-2015

Greek beer market investigation exposes EU competition weaknesses

A ten-year long competition investigation into the Greek beer market has raised questions over the European Commission’s ability to enforce fair competition in the EU member states. EURACTIV Greece reports.
Margrethe Vestager [Commission]
Competition 05-11-2015

Vestager wants national antitrust agencies to go digital

EU antitrust regulators are seeking public feedback over how to strengthen national competition authorities in the 28-country bloc, with some currently limited in their access to cloud-based information.
Sebastian Vettel
Sports 30-09-2015

F1 teams file EU complaint over ‘unlawful’ revenue sharing

The Sauber and Force India teams have filed a complaint with European Union authorities about what they see as unfair and "unlawful" practices in Formula One's governance and distribution of revenues.
Competition 13-03-2015

Commission told to apologise over Euribor rate-rigging inquiry

The European Commission was told yesterday (12 March) to apologise and put in place stricter guidelines on public statements regarding open investigations, after the EU Ombudsman found a Commissioner made biased statements during a cartel inquiry into the Euribor rate-ringing scandal.
[ponte1112/Flickr]
Competition 20-11-2014

Truck makers face fines as EU steps up cartel investigation

The European Commission has stepped up a wide-ranging cartel investigation that could lead to heavy fines for some of the world's biggest truck makers.
Digital 04-09-2014

EU fines SIM card chip cartel €138 million

European Union antitrust regulators fined Philips, Samsung Electronics and Infineon Technologies a total of €138 million on Wednesday (3 September) for fixing prices of chips used in mobile SIM cards.

EU approves class action lawsuits against cartels

European lawmakers on Thursday (17 April) eased the way for cartel victims to claim compensation from companies under new rules that also shield price-fixing whistleblowers from being the main target of million-euro lawsuits.
Euro & Finance 04-12-2013

Libor/Euribor bank cartel hit with largest Commission fine

EU antitrust regulators fined six financial institutions including Deutsche Bank, Royal Bank of Scotland and Citigroup a record total of €1.71 billion today (4 December) for rigging financial benchmarks.
Competition 07-06-2013

EU mulls rules for compensating cartel victims

EU antitrust regulators will unveil draft rules next week aimed at helping victims claim compensation from price-fixing cartels, seeing private lawsuits as an additional tool, on top of fines, to deter companies from breaking antitrust laws.
Digital 11-12-2012

European antitrust fines: A new wave of deterrence?

Even though the European Commission's antitrust control spans beyond EU and EFTA borders, it lacks the enforcement capabilities which are potentially available to member states, such as criminal sanctions for cartel members, says Mario Mariniello.
Competition 23-06-2011

The end of the EU cartel leniency programme

A recent European Court of Justice ruling is a potential blow to a key programme protecting anti-cartel whistle-blowers in the European Commission's competition department, argues Andreas Geiger of Brussels law firm Alber & Geiger.
Competition 13-04-2011

Washing powder giants fined €315.2m in EU cartel case

Consumer goods giants Unilever and Procter & Gamble were today (13 April) fined by the European Commission for fixing washing powder prices in eight EU countries.