PARIS, Dec 19 (Reuters) - France's antitrust agency has
fined 12 household appliance makers and distributors, including
Electrolux, Whirlpool and LG, a
total of 611 million euros ($635 million) for price fixing
between 2007 and 2014.
"These practices reduced competition between distributors
and kept prices artificially high for end consumers," the
competition authority said on Thursday.
Ten of the 12 companies did not contest the facts alleged.
Groupe SEB, which owns the Tefal and Rowenta
brands and received the largest fine of 189.5 million euros,
denied the accusations and said it planned to appeal against the
ruling.
French retailer Fnac Darty, which was fined 109
million euros, acknowledged the decision and said it would
settle the transaction in 2025, using short-term financing.
Representatives for Electrolux, Whirlpool and LG did not
immediately respond to requests for comment.
($1 = 0.9625 euros)