Schneider, Legrand, Rexel and Sonepar fined in French price fixing probe

France's competition authority said on Wednesday it had fined electric equipment makers Schneider Electric, Legrand, Rexel and Sonepar a total of 470 million euros ($508.49 million) for fixing prices. Schneider Electric was fined 207 million euros, Rexel 124 million euros, Sonepar 96 million euros and Legrand 43 million. The decision sanctions two price agreements: one between Schneider Electric and its distributors Rexel and Sonepar from December 2012 to September 2018; and the other between Legrand and its distributor Rexel from May 2012 to September 2015, the watchdog said.