Panasonic Announces European Commission Decision on Cathode Ray Tubes for Televisions
06 Dicembre 2012 - 2:41AM
Business Wire
Panasonic Corporation (NYSE:PC)(TOKYO:6752)("Panasonic")
announced today that the Company and its subsidiary MT Picture
Display Co., Ltd. ("MTPD") has been informed that the European
Commission has issued a decision finding that a number of
companies, including Panasonic and MTPD, previously participated in
an agreement to restrict competition in the sale of Cathode Ray
Tubes for televisions sold in Europe in violation of EU competition
law.
The fines imposed by European Commission
are as follows:
- Panasonic: €157,478,000 - Panasonic and MTPD, jointly and
severally liable: €7,885,000 - Panasonic, MTPD and Toshiba
Corporation, jointly and severally liable: €86,738,000
Panasonic and MTPD have already exited the CRT business.
Panasonic believes this decision is factually and legally erroneous
as it applies to Panasonic and MTPD and will consider its options
for appeal to the European courts.
About PanasonicPanasonic Corporation is a worldwide
leader in the development and manufacture of electronic products
for three business fields, consumer, components & devices, and
solutions. Based in Osaka, Japan, the company recorded consolidated
net sales of 7.85 trillion yen for the year ended March 31, 2012.
It aims to become the No. 1 Green Innovation Company in the
Electronics Industry by the 100th year of its founding in
2018. The company's shares are listed on the Tokyo, Osaka,
Nagoya and New York (NYSE:PC) stock exchanges. For more information
on the company and the Panasonic brand, visit the company's website
at http://panasonic.net/
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