European Commission (European Commission) 7 days in the grounds of monopoly power transformer market 6 companies out of total 6,760 million euros in fines.
Swiss company ABB (ABB Ltd.), The French Areva (Areva SA) and Alstom (Alstom SA), Japan's Fuji Electric (Fuji Electrics Co Ltd.),glue stick Hitachi (Hitachi Ltd.) And Toshiba (Toshiba Corp.) market share was accused of an oral agreement, undertake not to enter each other's markets. 7 to determine the establishment of the European Union charges, so the European and Japanese manufacturers of transformers will be punished.
Germany's Siemens (Siemens AG) also participated in the oral agreement, glue gun but because the European Commission revealed the existence of the cartel not to be fine.
ABB, the Swiss had a criminal record because of 3,340 million euros fined, the highest amount in these enterprises. Areva for cooperating with the investigation, and its fine reduced by 18% to 1,350 million euros. Alstom is facing a fine of 2.9 million euros. Japanese companies, Toshiba maximum fine, up to 1,320 million euros. Fuji Electric and Hitachi by cooperating with the investigation, fines were reduced to 1.7 million euros and 250 million euros.