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Press conference by Joaquín Almunia on 3 antitrust decisions

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On 28 March 2012, Joaquín Almunia, Vice-President of the EC in charge of Competition, gave, in Brussels, a press conference on three antitrust decisions and announced two competition decisions resulting from investigations of the European Commission into cartel's activities: air freight forwarding and window mountings. The European Commission fined 14 international groups of companies a total of € 169 million for participating in the period 2002-2007 in four distinct cartels aimed at fixing prices and other trading conditions for international air freight forwarding services, in breach of EU antitrust rules. The freight forwarders colluded on surcharges and charging mechanisms concerning important trade lanes, in particular the Europe-USA and the China/Hong Kong-Europe lanes. It also fined nine European producers of mountings for windows a total of € 85 876 000 for operating a cartel by which they agreed on common price increases, in breach of EU antitrust rules. The collusion lasted from November 1999 to July 2007 and affected European buyers of windows across all Member States of the EU and European Economic Area (EEA).
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Type: EbS   Reference: 84389   Date: 28/03/2012   Duration: 00:31:59
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