Railway Cartel: € 8.5m Fine for voestalpine

Published: July 5, 2012; 12:13 · (Vindobona)

The steel group participated in a railway cartel in Germany. The cartel proceedings are finished now.

Railway Cartel: € 8.5m Fine for voestalpine / Picture: © Flickr

Voestalpine only faces a minor fine. The Austrian steel company was alleged to have participated in price arrangements between 1998 and 2008. The prices were about 33% above the market prices. The buyers were German Railways and its competitors. voestalpine had to set aside reserves of € 205m.

Voestalpine could benefit from the status as principal witness. Voestalpine´s cartel…

This article includes a total of 180 words.

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