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Brazil: Prysmian warns of potential US$100M-plus fine in antitrust case

 |  February 11, 2019

Cable maker Prysmian said on Monday, February 11, it could have to pay a fine of up to €96 million (US$108 million) in an antitrust case opened in Brazil in 2011.

The Brazilian antitrust authority—the CADE Tribunal—is expected to issue a decision that will be provisionally enforceable. The decision could be challenged before the Brazilian courts, Prysmian said in a statement.

Full Content: Reuters

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