Allegations of Market Abuse Against ÖBB

Politics ♦ Published: December 17, 2010; 01:10 ♦ (Vindobona)

The Austrian Federal Railways are facing another accusation by the Federal Competition Authority. Rail Cargo is said to have abused its market power.

Allegations of Market Abuse Against ÖBB / Picture: © Rail Cargo Austria

The accusation against the freight subsidiary of the ÖBB (Austrian Federal Railways), Rail Cargo Austria (RCA) concerns the abuse of its market position since 2004, according to a report by the magazine "Format”. Up to 10% of consolidated sales, which in the case of the ÖBB amount to € 5.0bn, could be applied as a fine. For the deficit-ridden ÖBB a fine of over € 500m would be…