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Two European spot power exchanges have been fined a total of €5,979,000 for breaching Article 101 TFEU.
The Commission found that EPEX Spot and Nord Pool Spot agreed not to compete with each other for their spot electricity trading services in the EEA and engaged in market sharing by allocating European territories between them.
Both power exchanges agreed to settle the case with the Commission under the cartel settlement procedure and accordingly received a 10% fine reduction.
The CAT has dismissed Ryanair's application for review of the CC's final report on the completed acquisition by Ryanair of a minority stake in Aer Lingus.
The CAT held that the CC's proposed divestiture order did not breach the duty of sincere co-operation in Article 4 of the TFEU and dismissed Ryanair's claims that the CC’s failure to disclose the identity of certain airlines that provided evidence during the merger investigation was procedurally unfair.
The CAT considered that the CC had correctly identified a substantial lessening of competition and that the divestiture remedy was proportionate. Ryanair has already announced that it intends to seek permission to appeal the CAT's judgment to the Court of Appeal.
• The CAT has published draft rules on collective actions, setting out its procedures in respect of collective proceedings and collective settlements relating to infringements of competition law.