Probe into electrical giants

Electrical supplies manufacturers Schneider Electric and Legrand plus distributors Rexel and Sonepar are being investigated by monopolies authorities over price-fixing and corruption.

The companies are world leaders in their markets and an inquiry started in April after a tip-off to competition and anti-corruption agencies following an article on the French news investigation website Mediapart. They could face high fines in the wake of last year’s ‘lino cartel’ where three companies were fined €305million.

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