Report
Philips : Philips (Neutral, target price € 36.0): € 29.8m fine imposed by the European Commission
>The four companies have been fined for fixing higher internet resale prices. They have been asked to pay a collective fine of € 111m, to be split as follows: Asus (€ 63.5m), Denon & Marantz (€ 7.7m), Philips (€ 29.8m) and Pioneer (€ 10.12m). The fine was reduced by 40% - and by 50% for Pioneer - due to the cooperation of the companies concerned. Pressure and blackmail on online resellers - The four groups imposed fixed or minimum prices in order to ...
Underlying
Koninklijke Philips
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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