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Rubis: FUEL SECTOR IN CORSICA: RUBIS RESPONDS TO THE DECISION OF THE FRENCH COMPETITION AUTHORITY (AUTORITÉ DE LA CONCURRENCE)
Globenewswire· 2025-11-17 17:59
Rubis takes formal note of the enforceable decision issued by the French Competition Authority (Autorité de la concurrence) on 17 November 2025, which imposes sanctions on several actors for anti-competitive practices in the supply, storage, and distribution of fuels in Corsica, allegedly occurring between 2016 and 2022. The total amount of the financial penalties imposed by the Authority amounts to €187,490,000. Rubis SCA has been fined a total of €64,240,000, jointly and severally with its subsidiary Ru ...
EU Postpones Google AdTech Fine Over US Backlash Fears
PYMNTS.com· 2025-09-02 20:11
Group 1 - The European Union is pausing its plans to fine Google over its AdTech practices due to concerns about potential repercussions on transatlantic trade relations [1][2][3] - The initial plan was for Google to receive a significant fine and an order to change its business model by September 1, but this has been delayed [2][4] - The EU is likely to impose a smaller fine than the previous 4.3 billion euros from 2018, reflecting a shift in approach under the new EU antitrust chief, Teresa Ribera [5] Group 2 - The European Commission has accused Google of abusing its dominant position in the online AdTech industry since 2014, alleging that it favored its own AdX ad exchange [6] - Google defends its practices by stating that serving both advertisers and publishers is standard in the industry, and that competitors operate similar AdTech businesses [7] - In the U.S., Google is also facing legal challenges, with a federal judge agreeing that the company unlawfully maintained monopolies in key areas of the online ad industry, with a trial for remedies scheduled soon [8]
NKT has received a “Request Before the Issuing of a Decision” from the Antimonopoly Office of the Slovak Republic
Globenewswire· 2025-08-28 20:09
Core Points - NKT A/S's Czech subsidiary, NKT s.r.o., has received a "Request Before the Issuing of a Decision" from the Antimonopoly Office of the Slovak Republic regarding an investigation into alleged anti-competitive practices in the Slovak cable market [1][2] - The investigation involves a local cable association and 11 cable manufacturers, including NKT s.r.o., with allegations of infringements of Slovak and EU competition rules [2] - NKT contests the findings and proposed fines from the Antimonopoly Office and plans to submit a reasoned defense, expecting a final decision within six to twelve months [3] - NKT s.r.o. is also under investigation by the Office for the Protection of Competition in the Czech Republic alongside five other cable manufacturers [4] - The company emphasizes its commitment to cooperate with authorities and uphold ethical business standards [4] - This announcement does not alter NKT's financial outlook for 2025 [5]