voestalpine is the Leniency Applicant in the German Rail Cartel

IndustrialsBasic Resources ♦ Published: July 1, 2011; 16:32 ♦ (Vindobona)

The Austrian steel company applied for leniency in the case of anti-competitive practices in the German rail tracks market. The group expects to be exempted from any fines.

voestalpine is the Leniency Applicant in the German Rail Cartel / Picture: © Voestalpine AG

voestalpine today announced that it has been in close contact with the German Federal Cartel Office as well as with the Public Prosecution Office in Bochum for several months and is working to fully and swiftly resolve the case. According to a press release, the company has been restricted in publicizing this information until now due to the leniency application. As of today, the group…