Philips, Samsung, Metro offices raided by EU inspectors

AMSTERDAM/FRANKFURT Fri Dec 6, 2013 6:33pm IST

The logo of Philips is seen at the company's entrance in Brussels September 11, 2012. REUTERS/Francois Lenoir/Files

The logo of Philips is seen at the company's entrance in Brussels September 11, 2012.

Credit: Reuters/Francois Lenoir/Files

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AMSTERDAM/FRANKFURT (Reuters) - Philips (PHG.AS), Samsung Electronics and Media-Saturn(MEOG.DE), Europe's largest chain of consumer electronics stores, said on Friday they were among companies visited by European Commission officers this week on suspicion of breaking competition rules.

The Commission said on Thursday its officers had raided several companies involved in making and selling consumer electronics and small domestic appliances, concerned that the firms had worked together to limit the sale of some goods online to drive up their prices.

It did not give the names or locations of the companies inspected by its officers on December 3.

The investigation comes as traditional electronics retailers wage a fierce battle with online rivals such as Amazon(AMZN.O).

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

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

(Reporting by Sara Webb, Foo Yun Chee and Victoria Bryan; editing by Patrick Graham and Tom Pfeiffer)

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