Brief: Portugal's Competition Watchdog Says Lisbon Court Of Appeal Upholds Sanction Of EDP And Sonae

Sonae SGPS SA

22/02/2024 17:53

Feb 22 (Reuters) - PORTUGAL'S COMPETITION WATCHDOG
(ADC):
    * LISBON COURT OF APPEAL UPHOLDS SANCTION OF EDP AND SONAE
AND
DEEMS PROCESS URGENT
    * LISBON COURT OF APPEAL CONFIRMS ADC'S DECISION TO FINE EDP
AND
SONAE IN 2017 FOR NON-COMPETITION AGREEMENT
    * IN RULING ON FEB 19, LISBON COURT OF APPEAL (TRL) DEEMED
APPEALS
OF EDP AND SONAE UNFOUNDED, FULLY CONFIRMING SENTENCE OF
COMPETITION, REGULATION, AND SUPERVISION COURT (TCRS) OF 2020
    * TRL ALSO CONFIRMED THAT INFRINGEMENT WAS COMMITTED
INTENTIONALLY, MAINTAINING FINES APPLIED, WHICH TOGETHER AMOUNT
TO 34.4 MILLION EUROS

Source text: http://tinyurl.com/5cwd8jvu
Further company coverage:  EDP.LS   YSO.LS 

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