EU fines Nintendo € 167,8 million for price fixing

The European Commission has imposed a total fine of € 167,8 million on Japanese video games maker Nintendo and seven of its official distributors in Europe for colluding to prevent exports to high-priced from low-priced countries. The decision affects Nintendo and seven distributors of Nintendo products including the Belgian unit of Germany's CD-Contact Data GmbH. The Commission said it collected evidence showing that Nintendo and its distributors colluded to maintain artificially high price differences in the EU between January 1991 and 1998. The fine on Nintendo is also the fourth largest ever imposed on an individual firm for a single infringement and will be contested by the company. CD-Contact Data GmbH, which became Nintendo's official importer for Belgium in 1997, was fined with € 1 million.
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Hugues Taittinger Hugues Taittinger
Directeur van de Raad v... TOLEDO TELECOM
Jerry Boezel Jerry Boezel
Managing Director T-SYSTEMS
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