Record fine for engineering companies
Companies were fined for long-term international cartel agreement. The overall fine of Kc941.88m remains the highest in the UOHS history despite a decline from Kc979m. The UOHS lowered the fine in the case of Areva to prove turnover that is decisive for the size of the fine (Areva will pay Kc10m instead of Kc28m). Siemens AG succeeded as well (Kc107.25m instead of the original fine of Kc126.6m). The Office shortened the period of its participation in the cartel by one year.
The UOHS concluded that the companies coordinated their price bids in tenders for gas insulated switchgear projects in order for all of them to win some of the contracts. The agreement was applied almost all over the world since 1988. Swiss company ABB which was also involved in the cartel has not been fined because it informed about the cartel according to leniency programme.
Fines
ALSTOM (Société Anonyme) | 85.581.000,- CZK |
AREVA T&D SA | 69.552.000,- CZK |
AREVA T&D AG | 58.926.000,- CZK |
AREVA T&D Holding SA | 10.000.000,- CZK |
Fuji Electric Holdings Co., Ltd. | 44.408.000,- CZK |
Fuji Electric Systems Co., Ltd. | 44.408.000,- CZK |
Hitachi Ltd. | 54.600.000,- CZK |
Hitachi Europe Limited | 54.600.000,- CZK |
Japan AE Power Systems Corporation | 44.408.000,- CZK |
Mitsubishi Electric Corporation | 75.348.000,- CZK |
Toshiba Corporation | 70.762.000,- CZK |
Siemens AG | 107.248.000,- CZK |
Siemens Aktiengesellschaft Österreich | 88.816.000,- CZK |
VA Tech Transmission & Distribution GmbH & Co KEG | 44.408.000,- CZK |
Siemens Transmission and Distribution Limited | 44.408.000,- CZK |
Nuova Magrini Galileo S.p.A. | 44.408.000,- CZK |
total | 941.881.000,- CZK |
External Relations Department
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