SSNHZ Samsung Electronics Company Ltd (PK)

By Giulia Petroni

Italy's antitrust authority said Wednesday that it has launched an investigation into Samsung Electronics Co. for alleged misleading and aggressive commercial practices.

The regulator said it is looking into offers that allow customers to buy new mobile phones while selling their used devices, alleging that a lack of adequate information in terms of the selling process was being provided.

The U.K.'s Opia Ltd and Italy's World Business Srl are also being investigated, the authority said. Officials searched the offices of all the companies involved in the investigation on Tuesday.

Samsung said the company is cooperating with the watchdog and reiterated its utmost commitment and care for consumers.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

July 27, 2022 11:23 ET (15:23 GMT)

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