...crowns ($44.88 million) for a cartel agreement.
It said the firms had colluded in supplies of gas insulated switchgear, which is needed at sub-stations used to carry electricity to homes, offices and factories.
It added that the European Commission had already fined 11 producer groups in the same matter. The European Commission fine, levied last month, was 750.7 million euros. Hungarian authorities fined four firms in the same matter, it added.
Siemens AG got the biggest Czech fine at 126.6 million crowns. Two of its other units -- Siemens Aktiengesellschaft Oesterreich and Siemens Transmission and Distribution Limited -- were also fined, an additional 88.8 million and 44.4 million crowns respectively.
[PRAGUE/Reuters/Finance.cz]



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