FACTBOX-EU slaps 1.1 bln euro fine on E.ON, GDF Suez

Wed Jul 8, 2009 9:52am EDT
 
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 July 8 (Reuters) - The European Commission on Wednesday
imposed a total fine of 1.1 billion euros on German utility E.ON
and GDF Suez for secretly carving up gas markets.[ID:nL8710239]
 The companies were fined 553 million euros each, signalling
the EU's determination to crack down on suspected market
manipulation by big utility companies in the energy markets.
 The fines were the first for an antitrust infringement in
the energy sector.
 The biggest Commission fine on a single company was the
1.06-billion-euro penalty imposed on chipmaker Intel Corp in
May. The biggest cartel fine was the more than 1.3 billion euros
imposed on a group of car glass makers last November.
 The following is a list of some of the big fines the
Commission has imposed for various antitrust infringements.
 COMPANY               MILLION EUROS   YEAR
 Intel Corp                 1,060      2009
 Microsoft                    899      2008
 Saint Gobain                 896      2008
 E.ON                         553      2009
 GDF Suez                     553      2009
 Microsoft                    497      2004
 ThyssenKrupp                 480      2007
 Hoffmann-La Roche AG         462      2001
 Siemens                      397      2007
 Eni                          272      2006
 Lafarge SA                   250      2002
 BASF AG                      239      2001
 Otis                         225      2007
 Heineken NV                  219      2007
 Arkema                       219      2006
 Solvay                       167      2006
 
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  (Reporting by Bate Felix)

 

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