The European Commission and three companies that produce cathode ray tubes glass settled Wednesday on a cartel case.

Japanese firms Asahi Glass (5201.TO) and Nippon Electric (6657.OK), and Germany's Schott AG have been fined a total of EUR128.736 million for forming a cartel in the production of the glass that is used for television and computer screens.

Asahi Glass was fined EUR45.135 million, Nippon Electric EUR43.2 million and Schott AG EUR40. 401 million. The fines were calculated on the basis of the damage inflicted on European consumers by the cartel operation.

A fourth company also involved in the cartel, Korea's Samsung Corning Precision Materials, was granted immunity by the European competition watchdog for acting as a whistleblower.

The fine for the other three firms was reduced by 10% because they acknowledged their participation in the cartel.

-By Matina Stevis, Dow Jones Newswires; +32 (0)2 741 1 483; matina.stevis@dowjones.com

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