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CADE issues $13.3 million in fines for electricity meter cartel

By Maria Júlia Baumert ( December 10, 2025, 20:59 GMT | Insight) -- The Brazilian competition authority fined Elo Sistemas Eletrônicos, Fae Sistemas de Medição, and Dowertech da Amazônia, along with 11 individuals, for participating in a cartel that manipulated bids and fixed prices in the electricity meter market. The decision, announced on Wednesday, imposes fines totaling approximately 73 million reais (around $ 13.3 million) and follows a lengthy investigation into anticompetitive practices from 2005 to 2014.The Brazilian competition authority fined Elo Sistemas Eletrônicos, Fae Sistemas de Medição, and Dowertech da Amazônia, along with 11 individuals, for participating in a cartel that manipulated bids and fixed prices in the electricity meter market. The decision, announced on Wednesday, imposes fines totaling approximately 73 million reais (around $ 13.3 million) and follows a lengthy investigation into anticompetitive practices from 2005 to 2014....

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