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SSNHZ Samsung Electronics Company Ltd (PK)

0.00
0.00 (0.00%)
Last Updated: 18:22:30
Delayed by 15 minutes
Share Name Share Symbol Market Type
Samsung Electronics Company Ltd (PK) USOTC:SSNHZ OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 861.73 1,000.00 0.00 18:22:30

Samsung Faces Antitrust Probe in Italy Over Alleged Unfair Practices -- Update

27/07/2022 4:38pm

Dow Jones News


Samsung Electronics (PK) (USOTC:SSNHZ)
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By Giulia Petroni

 

Italy's antitrust authority said Wednesday that it has launched an investigation into Samsung Electronics Co. for alleged misleading and aggressive commercial practices.

The regulator said it is looking into offers that allow customers to buy new mobile phones while selling their used devices, alleging that a lack of adequate information in terms of the selling process was being provided.

The U.K.'s Opia Ltd and Italy's World Business Srl are also being investigated, the authority said. Officials searched the offices of all the companies involved in the investigation on Tuesday.

Samsung said the company is cooperating with the watchdog and reiterated its utmost commitment and care for consumers.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

July 27, 2022 11:23 ET (15:23 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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