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EU court dismisses Philips, Infineon action against cartel fine

Published 15/12/2016, 09:05
© Reuters. The logo of Philips is seen at the company's entrance in Brussels
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LUXEMBOURG (Reuters) - An EU court on Thursday dismissed an appeal brought by Philips (AS:PHG) and Infineon (DE:IFXGn) against a fine imposed on by the European Commission for operating a cartel to manipulate prices for smart card chips.

© Reuters. The logo of Philips is seen at the company's entrance in Brussels

"The court dismisses the actions and upholds the fines imposed on Infineon and Philips by the Commission," the General Court of the European Union said.

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