Schneider, Legrand, Rexel and Sonepar fined in French price fixing probe
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 30 2024
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Should l Buy ?
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.
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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.
