CMA issues statements of objections to fridge and bathroom suppliers
The Competition and Markets Authority has issued separate statements of objections to the bathroom fittings supplier Ultra Finishing Limited, and to the commercial refrigeration products supplier Foster Refrigerator, which is a division of ITW Ltd. Each is alleged to have introduced a minimum advertised price for internet sales, which the CMA considers effectively limited the ability of retailers of their products to make online sales below a specified price level. The CMA alleges that both cases were a form of resale price maintenance and infringements of competition law. Click here.
European Commission fines car parts producers €137 million in cartel settlement
The European Commission has imposed fines of €137, 789, 000 on Melco (Mitsubishi Electric) and Hitachi for participating in a cartel for alternators and starters with another firm, Denso, in breach of Article 101. Denso was not fined as it revealed the existence of the cartel to the Commission. All the companies agreed to settle the case. Click here.
Articles 101 and 102
The ECJ has dismissed an appeal against the General Court judgment which upheld the European Commission’s re-approval of the divestment purchaser in relation to the Lagardere/Vivendi merger. Click here.
The Competition and Markets Authority has accepted final undertakings in lieu of a reference in relation to Regus’ acquisition of Avanta. Click here.
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