A PYMNTS Company

EU: Raids were conducted on online consumer electronics retailers

By  |  March 24, 2015

The European Commission said on Tuesday its officers had raided several companies involved in selling consumer electronics online, concerned that firms may have worked together to distort prices.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    “The European Commission can confirm that on 10 March 2015, Commission officials initiated unannounced inspections in several member states at the premises of a number of companies active in the online sale of consumer electronics and consumer electrical products,” the Commission, which is the EU’s antitrust regulator, told Reuters in an email.

    “The Commission has concerns that the companies concerned may have violated EU antitrust rules that prohibit anticompetitive agreements or concerted practices.”

     

    Full Content: Reuters

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.