Schneider, Legrand, Rexel and Sonepar fined in French price fixing probe
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 30 2024
0mins
Source: Reuters
Fines Imposed: France's competition authority has fined Schneider Electric, Legrand, Rexel, and Sonepar a total of 470 million euros for price-fixing agreements, with Schneider Electric receiving the largest fine of 207 million euros.
Dispute and Appeal: All four companies contest the ruling, with Schneider Electric denying any wrongdoing and Sonepar planning to appeal the decision in the Paris Court of Appeal.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
