UPDATE 1-EU sends charges to suspected TV, monitor cartel

Thu Nov 26, 2009 5:59am EST

* EU sends charge sheets in global probe on CRT cartel

* Philips says will study statement of objections

* Samsung says has not received charge sheet

(Adds Philips, Samsung response, background)

BRUSSELS, Nov 26 (Reuters) - The European Commission said on Thursday it had sent a charge sheet known as a statement of objections to several companies for alleged participation in a cartel among cathode-ray tube makers.

The Commission, antitrust watchdog of the 27-nation European Union, did not identify the companies involved.

The EU executive said the case stemmed from inspections carried out in 2007 at the premises of some manufacturers of cathode-ray tubes including Japan's Panasonic (6752.T) and South Korea's Samsung SDI Co (006400.KS).

Dutch electronics maker Philips (PHG.AS) said it had received the Commission's statement of objections and would study it in detail. [ID:nGEE5AP0A0]

A Samsung SDI spokesman said the company had not received the document yet and declined to comment further.

Antitrust authorities in Europe and Asia inspected the firms on suspicion of price-fixing in 2007. The Commission said then that it thought the companies may have violated EU antitrust rules on cartels and restrictive business practices.

Cathode-ray tubes are used in TV and computer monitors but the market has shrunk with the advent of flat screen displays.

The EU executive, which can fine firms up to 10 percent of their annual turnover if found to have breach antitrust rules, said sending the charge sheet was a formal step in its investigation and did not prejudge the outcome of the case. (Reporting by Bate Felix in Brussels, So Eui Rhee in Seoul, and Reed Stevenson in Amsterdam, editing by Dale Hudson and David Cowell) ((Reuters Messaging: bate.felix.reuters.com@reuters.net; Email: bate.felix@thomsonreuters.com; +32 2 287 6812))

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