At the request of the Federal Competition Authority ("FCA"), the Austrian Cartel Court imposed a fine of EUR 120,000 on Pioneer & Onkyo Europe GmbH for an infringement of Article 101 TFEU and Article 1(1) Austrian cartel act for participation in vertical resale price maintenance for home audio and visual equipment products (in particular receivers, amplifiers and turntables) of the brands "Onkyo" and "TEAC" in the period from March 2011 to April 2017. The company did not dispute the facts of the case. The decision is final.
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