European Commission fined Prysmian €104.6 million for a nearly decade-long power-cables cartel
Company: Prysmian S.p.A.
Summary
On 2 April 2014, the European Commission found that Prysmian and other producers had allocated customers and markets for high-voltage underground and submarine power cables from 1999 until January 2009. Prysmian's fine was €104,613,000. Prysmian's challenge was ultimately rejected by the EU Court of Justice in closed Case C-601/18 P on 25 November 2020. Primary sources: https://ec.europa.eu/commission/presscorner/api/files/document/print/en/ip_14_358/IP_14_358_EN.pdf and https://infocuria.curia.europa.eu/tabs/redirect/juris/liste.jsf?language=en&num=C-601%2F18+P