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 Corrupt EU Slaps Gas Firms With $1.5B Fine for Nothing More Than Price-Fixing

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Corrupt EU Slaps Gas Firms With $1.5B Fine for Nothing More Than Price-Fixing Vide
PostSubject: Corrupt EU Slaps Gas Firms With $1.5B Fine for Nothing More Than Price-Fixing   Corrupt EU Slaps Gas Firms With $1.5B Fine for Nothing More Than Price-Fixing Icon_minitimeWed Jul 08, 2009 10:04 pm
The European Union's powerful competition commissioner slapped two energy companies with record fines of $1.53 billion today for cartel misbehavior. GDF Suez and E.ON, two of the world's biggest gas producers, colluded to avoid competition in French and German energy markets and drive up prices. It's the first time that the commission has imposed antitrust fines on an energy company, reports the Wall Street Journal.

http://online.wsj.com/article/SB124704364603110663.html?mg=com-wsj
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Corrupt EU Slaps Gas Firms With $1.5B Fine for Nothing More Than Price-Fixing

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