Philips, Samsung, Metro offices raided by EU inspectors


* Philips, Samsung, Media-Saturn raided

* All say cooperating with inspectors

* Raids come in highly competitive market

AMSTERDAM/FRANKFURT, Dec 6 (Reuters) - Philips,Samsung Electronics and Media-Saturn,Europe's largest chain of consumer electronics stores, said onFriday they were among companies visited by European Commissionofficers this week on suspicion of breaking competition rules.

The Commission said on Thursday its officers had raidedseveral companies involved in making and selling consumerelectronics and small domestic appliances, concerned that thefirms had worked together to limit the sale of some goods onlineto drive up their prices.

It did not give the names or locations of the companiesinspected by its officers on Dec. 3.

The investigation comes as traditional electronics retailerswage a fierce battle with online rivals such as Amazon.

The EU antitrust regulator can fine companies up to 10percent of their global revenue for breaking EU rules.

All three companies said they were cooperating with the EUauthorities, but declined any further comment.

View Comments (0)