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European Commission fined four machinery manufacturers for € 111 million

EU, Finance

The European Commission fined € 111 million four manufacturers of equipment - Asus (China), Denon & Marantz (Japan), Pioneer (Japan) and Philips (Netherlands) - for violation of antimonopoly legislation. This is reported on the EC website.
Asus was fined € 63.5 million, Denon & Marantz € 7.7 million, Philips € 29.8 million and Pioneer € 10.1 million. The EC found that the companies fixed the minimum retail prices in partner online stores. "If the traders did not follow the prices requested by the producers, they faced threats or sanctions, up to the termination of deliveries," said European competition commissioner Margret Vestager.

So, Asus controlled the prices for the sale of its laptops and displays in online stores in Germany and France from 2011 to 2014. Denon & Marantz from 2011 to 2015 kept prices for headphones and speakers in Germany and the Netherlands, Philips - for consumer electronics, sold in France between late 2011 and 2013. Pioneer did the same in 12 European countries from the beginning of 2011 to the end of 2013.

The European Commission on July 18 fined Google for € 4.34 billion for the fact that the company since 2011 has established illegal restrictions on Android smartphone manufacturers. In particular, Google required that manufacturers install a company browser on their devices to gain access to the licensed application store. Also, Google paid a number of manufacturers and mobile operators to pre-install the Google Search application on their smartphones.