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Electrolux violated French antitrust rules, preliminary competition agency findings show

Published 23/02/2023, 06:39
© Reuters. FILE PHOTO: The Electrolux logo is seen during the IFA Electronics show in Berlin September 4, 2014.  REUTERS/Hannibal Hanschke
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STOCKHOLM (Reuters) - Sweden's Electrolux said late on Wednesday it had received a Statement of Objections from the French competition authority relating to a previously announced probe into possible violations of antitrust rules between 2009 and 2014.

A Statement of Objections is a formal step in the agency's investigation in which it informs of preliminary findings.

© Reuters. FILE PHOTO: The Electrolux logo is seen during the IFA Electronics show in Berlin September 4, 2014.  REUTERS/Hannibal Hanschke

"The Statement of Objections is currently being carefully analysed and Electrolux is preparing its defense," the Swedish appliances maker said in a statement.

"Given the alleged infringements and the nature of this investigation, it cannot be ruled out that the outcome could have a material impact on the group’s financial result and cash flow," it said.

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