By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Wednesday, Sep 9, 2026
9News Nigeria
  • HOME
  • EDITORIAL
  • POLITICS
  • NATIONAL
  • SPORTS
  • WORLD
  • BUSINESS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
9News Nigeria9News Nigeria
Font ResizerAa
Search
  • Editorial
    • OPINION
  • Politics
  • National
    • Breaking News
    • Boko Haram
    • Crime and Investigation
    • Ohanaeze Ndigbo
  • Business
    • Nigerian economy
    • Investment
    • Finance
  • Sports
  • Entertainment
    • Celebrity
    • Entertainment and lifestyle
    • Hollywood
  • World
    • Africa
    • Asia News
    • Australia
    • Europe
  • About Us
    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us
Follow US
Europe

Military hand grenade company fined €1.2 million over international cartel

9News Nigeria
Last updated: September 22, 2023 9:49 am
By 9News Nigeria
Share
2 Min Read
SHARE

The case is the European Commission’s first cartel decision in the defence sector.

The European Commission has slapped German defence company Diehl with a €1.2 million fine for participating in a cartel linked to the sale of military hand grenades – the Commission’s first cartel case in the defence sector.
logo euronews 180x22 grey 6ADVERTISEMENT

The Commission said in a statement that Diehl teamed up with its rival RUAG, a Swiss aerospace and defence company, to split markets in countries across the European Economic Area (EEA) between themselves for almost 14 years.

Under the scheme, only the designated manufacturer was allowed to sell grenades in a given territory unless the other company gave its consent.

The Commission said on Thursday that both companies had admitted to their role in the cartel and that RUAG avoided a fine under its leniency programme, which enables businesses that provide sufficient information about a cartel they have participated in to receive full or partial immunity from fines.

Had RUAG not revealed the scheme, it would have faced a €2.5 million penalty, the Commission said, adding that Riehl qualified for a 50% fine reduction thanks to its cooperation in the ensuing investigation, and a further 10% reduction for the timeliness of its cooperation.

Zero tolerance

The probe found that the cartel covered countries throughout the EEA and spanned from 7 November 2007 until 23 November 2021, according to the Commission. RUAG’s participation ended slightly earlier in April 2021.

European Justice Commissioner Didier Reynders noted in a statement that the case is the Commission’s first cartel decision in the defence sector.

“At a time of evolving geopolitical realities, it is also a reminder that we will not tolerate any cartels in any sectors, strategic ones or not,” he said.

A spokesperson for RUAG reiterated that the company “promptly and proactively” reported the misconduct to the antitrust authorities, filing a voluntary report.

Diehl did not respond to a request for comment.

Source

Like this:

Like Loading…
Share This Article
Facebook Whatsapp Whatsapp Copy Link
What do you think?
Love0
Sad0
Happy0
Surprise0
Angry0
By9News Nigeria
Follow:
9News Nigeria is Nigeria's favourite news source. For Authentic, Unbiased News on Politics, Business, Sports, Technology, Entertainment and Lifestyles, Health, Nollywood, Crime and Investigations, Family and Relationships, Inspirations .. and much more. For Latest News from Africa and around the world, 9News Nigeria is your best source. WhatsApp +2348115805632 Email: [email protected] Facebook: www.facebook.com/9NewsNG | Twitter/Instagram: @9newsng
Previous Article Ancient Roman ‘power palace’ reopens to tourists 50 years after it closed for restoration
Next Article Wild animal smuggling: Why was this ‘malnourished’ lion cub found by a road in Serbia?
Search
– Advertisement –
Latest News
  • Tinubu is 90 Plus — Kenneth Okonkwo September 9, 2026
  • Eguavoen named as interim head coach of Super Falcons September 8, 2026
  • Mutfwang Urges Northern Leaders to Develop Education, Tackle Almajiri Crisis September 8, 2026
  • Fact Check: Why the US cannot arrest President Tinubu at a UN meeting September 8, 2026
  • France and Canada to Ban Imports From Israeli Settlements September 8, 2026
  • Netanyahu called to shut British consulate in East Jerusalem September 8, 2026
  • UK Sanctions Israeli Settlements, Bans Imports From West Bank September 8, 2026
  • US Navy Secretly Spent Four Months Clearing Iranian Mines From Strait of Hormuz September 7, 2026
  • APC Explains Delay in Naming Gombe 2027 Deputy Governorship Candidate September 7, 2026
  • NBA raises alarm over poor court facilities, e-filing problems in Ondo September 7, 2026
– Advertisement –
9News Nigeria
  • Editorial
  • OPINION
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us
World News
  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Global Economy
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics
News Categories
  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • Sober House
  • National Security
Entertainment and Lifestyle
  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships

You May also Like

1785511461618 1
Spain

Spain Deploys Forces as Thousands of Migrants Flood The Country From Morocco

July 31, 2026
file 000000006b187243aa9c8d33ef5a34ca
EuropeLatest News

UK Court Acquits Diezani Alison-Madueke Of Bribery Charges

June 17, 2026
9f05149b 4826 4bde 877f 867230e7b626
EuropeOyo

Henry Lamba Wins Falling Walls Lab Ibadan 2026, Set to Represent Nigeria in Berlin

June 10, 2026
FB IMG 17794803995942367
BornoDenmark

Borno Great Green Agency Partners CATAI, ActionAid Denmark on Climate Action

May 22, 2026
1772633754423
IranIsrael

Imminent Threat: Iran and the Western Alarm

March 6, 2026
IMG 3630
IranIsrael

Did USA Declare War on Iran ?

February 28, 2026
Show More
  • More News:
  • Europe News
  • National News
  • Politics
  • 9News Nigeria - Nigeria Breaking News
  • Nigeria Politics
  • Sports
  • Imo state
  • Opinion
  • National Security
  • Events
  • Editorial
  • Inspiration
  • Trending news
  • Bible Messages
  • Religion
  • Jesus Christ the saviour
  • World News
  • The Love of God
  • Crime and Investigation
  • Business

9NEWS NIGERIA

  • Editorial
  • Opinion
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us

NEWS CATEGORIES

  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • National Security

WORLD NEWS

  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics

ENTERTAINMENT AND LIFESTYLE

  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

%d