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EDP, Sonae subsidiaries fined by Portuguese Competition Authority for electricity distribution noncompete agreement

( May 5, 2017, 18:37 GMT | Official Statement) -- MLex Summary: The Portuguese Competition Authority has fined subsidiaries of EDP and Sonae for illegally entering into an agreement in 2012 not to compete with each other in the distribution of electricity in mainland Portugal. The total combined amount of the fine imposed on the businesses is 38.3 million euros, the Portuguese Competition Authority said in a statement today.Statement follows in full....

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