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Competition Authority imposes 537 million lira fines on 9 companies

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The Competition Authority has imposed a total of 537.2 million lira in administrative fines on eight companies operating in the power transformer sector. In a statement from the Authority, it was mentioned that some enterprises involved in the investigation had engaged in collusion in sales and coordinated pricing, leading to the decision to impose administrative fines.

During this process, an application for reconciliation was made by SEM Transformatör AŞ, indicating acceptance of the violation. The statement noted that this company was fined 42 million 379 thousand 948 lira with a 25% discount due to reconciliation. The companies and the amounts of fines they received are as follows: Astor Enerji AŞ and EFG Elektrik Enerji AŞ – 339 million 807 thousand 744 lira Balıkesir Elektromanyetik Sanayi Tesisleri AŞ – 69 million 33 thousand 435 lira Beta Enerji ve Teknoloji AŞ – 32 million 315 thousand 343 lira Ekos Teknoloji ve Ticaret AŞ – 12 million 736 thousand 611 lira Eltaş Transformatör Sanayi ve Ticaret AŞ – 13 million 519 thousand 367 lira Eva Elektromekanik Sanayi ve Ticaret AŞ – 7 million 231 thousand 510 lira Monokon Elektrik Sanayi ve Ticaret AŞ – 898 thousand 433 lira Ulusoy Elektrik İmalat Taahhüt ve Ticaret AŞ – 19 million 272 thousand 557 lira

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