Japan's Toshiba says planning to appeal EU ruling on cartel

TOKYO Wed Dec 5, 2012 7:44pm EST

TOKYO Dec 6 (Reuters) - Japan's Toshiba Corp said on Thursday it plans to appeal against a decision by the European Commission to fine it and five others on charges of fixing prices for TV and computer monitor cathode-ray tubes .

"Toshiba believes that the European Commission's conclusions are unfounded," the company said in a statement.

The European Commission fined six firms, including Philips and Panasonic Corp, a total of 1.47 billion euros ($1.9 billion) in its biggest antitrust penalty. ($1 = 0.7652 euros) (Reporting by Tokyo Newsroom; Editing by Paul Tait)