E.U. Delays Electricity-Transmission Cartel Decision

Law360, New York (December 19, 2006, 12:00 AM EST) -- The European Commission’s antitrust authority is delaying until January making a decision about a cartel for electricity-transmission technology involving some of the largest multinational firms in Europe and Asia.

The companies expected to be fined over the price-fixing scheme are the French trio Areva SA, Alstom SA, and Schneider Electric SA. Other targets for potential fines are Germany’s Siemens AG and Japanese rivals Mitsubishi Corp. and Hitachi Ltd.

The E.U. had been set to decide on the long-running market collusion on Wednesday.

The case involves so-called...
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