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Austrian Construction Group Strabag Fined Millions in Germany for Cartel Agreements
Austria's largest construction group, STRABAG SE, is again in the headlines due to cartel allegations. The German Federal Cartel Office has imposed a hefty fine of 2.79 million euros on STRABAG AG, a subsidiary of STRABAG SE, headquartered in Cologne. The reason for the fine is an illegal bidding agreement in connection with the renovation of the famous Zoobrücke bridge in Cologne.
There was an illegal agreement in the awarding of a contract for the renovation of a bridge in Cologne and the construction company Strabag was therefore fined millions. / Picture: © Wikimedia Commons / Robert F. Tobler / CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)
As the German Federal Cartel Office announced, employees of STRABAG AG are said to have agreed on a protective bid together with the construction company Kemna Bau Andreae, which is based in Pinneberg near Hamburg. These agreements were intended to ensure that a bidding consortium including STRABAG would be awarded the contract for the renovation work. According to the Cartel Office,…
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