eMAG, Altex, Flanco and Serom fined 123 million lei for agreeing on prices

According to the Competition Council, “the anti-competitive agreement consisted in fixing the resale prices of certain products by SEROM (n.d. Samsung Electronics Romania) and each of its commercial partners, namely Altex, Dante and Flanco, which has led to the limitation of the ability of the three retailers to independently set their resale prices”. In this way, competition at the retail level was restricted, having an effect on consumers, who…

Anunţul făcut de eMAG, Samsung România, Altex şi Flanco, după ce au fost sancţionate de Consiliul Concurenţei. S-au înţeles pentru a stabili preţuri mai mari

Cei mai mari retaileri de electronice şi eletrocasnice au fost sancţionaţi de Consiliul Concurenţei cu peste 120 de milioane de lei. Autorităţile spun că s-au înţeles pentru a stabili preţuri mai mari pentru unele televizoare şi telefoane mobile vândute.

The Competition Council announced on Thursday, February 8, that it has fined SEROM (Samsung Electronics Romania) 75.44 million lei, Altex Romania 21.37 million lei, Dante International, the company behind online retailer eMAG Romania, 20.31 million lei, and Flanco Retail 6.22 million lei for participating in an anticompetitive agreement on the television and mobile phone sales market from 2019 to 2021, according to News.ro.

According to the Competition Council, the anticompetitive agreement involved setting resale prices for certain products by SEROM (n.r. Samsung.

UPDATE: eMAG's Reaction: We collaborated with the Competition Council throughout the investigation and provided authorities with all relevant information...

The Competition Council has sanctioned companies SEROM, Dante International S.A., Altex Romania S.R.L. and Flanco Retail S.A. with 123 million lei for participating in an anticompetitive agreement.