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Power Cables Conspirators Hit with Record Antitrust Fine
6 Articles
6 Articles
The cartel had a total of 11 participants.
The Slovak Antimonopoly Office has imposed a record fine of 97.4 million euros (2.4 billion crowns) on ten Czech and Slovak cable manufacturers and suppliers and their association for a cartel agreement in setting product prices. The decision in the case is not yet final. The Czech Antimonopoly Office is also handling a similar case.
According to the Slovak Antimonopoly Office, Czech and Slovak cable manufacturers had a cartel agreement between them regarding the final prices of goods. The office fined ten companies a total of 2.4 billion crowns.
Bratislava - The Slovak Antimonopoly Office (PMÚ) has imposed a record fine of 97.4 million euros (2.4 billion CZK) on ten Czech and Slovak cable manufacturers and suppliers and an association for a cartel agreement in setting product prices. The office announced this in a press release today; the decision in the case is not final.
The bureau broke up the cable cartel.
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