Flanco Retail S.A.

Romania's Competition Council sanctioned Flanco Retail, Dante International, Altex Romania and Samsung Electronics Romania and Bulgaria for an anticompetitive agreement affecting televisions and mobile phones during 2019-2021. The authority said the arrangements restricted retailers' ability to determine resale prices independently. Flanco received a RON 6,223,580 fine. Sources: https://agerpres.ro/economic/2024/02/08/consiliul-concurentei-a-amendat-cu-123-milioane-de-lei-patru-companii-din-retailul-electro-it--1245657 and https://startupcafe.ro/flanco-amenda-consiliul-concurentei-stabilim-independent-preturi-htm-26042