Germany fines firms for collusion
Source: Agencies |
July 6, 2012, Friday
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Print Edition
Print Edition
GERMANY'S Federal Cartel Office has fined four companies including a subsidiary of steel giant ThyssenKrupp AG a total of 124.5 million euros (US$156.37 million) for colluding over track orders.
The agency says it fined ThyssenKrupp GfT Gleistechnik GmbH 103 million euros for colluding with other firms to share orders for railway tracks from Deutsche Bahn, Germany's state-owned railway operator.
Stahlberg Roensch GmbH, a subsidiary of German firm Vossloh, was fined 13 million euros. Two subsidiaries of Austrian company Voestalpine, which had alerted authorities to the antitrust activities, received fines totaling 8.5 million euros.
The four companies can appeal the decision in court.
The antitrust office said more companies are under investigation.
The agency says it fined ThyssenKrupp GfT Gleistechnik GmbH 103 million euros for colluding with other firms to share orders for railway tracks from Deutsche Bahn, Germany's state-owned railway operator.
Stahlberg Roensch GmbH, a subsidiary of German firm Vossloh, was fined 13 million euros. Two subsidiaries of Austrian company Voestalpine, which had alerted authorities to the antitrust activities, received fines totaling 8.5 million euros.
The four companies can appeal the decision in court.
The antitrust office said more companies are under investigation.
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