Olympus Danmark A/S, Denmark, pays fine in settlement for resale price maintenance
On 6 April 2017, Olympus Danmark A/S entered into a settlement with the Danish Competition and Consumer Authority for infringing section 6 of the Danish Competition Act by imposing a type of resale price maintenance. Accordingly Olympus Danmark A/S accepted to pay a fine of DKK 3,600,000 (€ 484,000).
For a period of two years, Olympus Danmark A/S entered into anticompetitive agreements with some of the company’s dealers about prices on cameras. The infringement concerned a kick back system which meant that Olympus Danmark A/S paid back a cash amount if the dealers proved that the cameras had been sold at a minimum price. If the dealers sold the cameras at a lower price, they did not get any money back and thus had a very low profit.
The size of the fine reflects, among other things, that Olympus Danmark A/S has cooperated with the authorities.
For further information please contact Head of Communication in the DCCA, Hanne Arentoft on telephone + 45 41 71 50 98.