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Schneider, Legrand, Rexel and Sonepar fined in French price fixing probe

Schneider, Legrand, Rexel and Sonepar fined in French price fixing probe

France's competition authority said on Wednesday it had fined electric equipment makers Schneider Electric, Legrand, Rexel and Sonepar a total of 470 million euros ($508.49 million) for fixing prices. Schneider Electric was fined 207 million euros, Rexel 124 million euros, Sonepar 96 million euros and Legrand 43 million. The decision sanctions two price agreements: one between Schneider Electric and its distributors Rexel and Sonepar from December 2012 to September 2018; and the other between Legrand and its distributor Rexel from May 2012 to September 2015, the watchdog said.

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