Officials in Sao Paulo, Brazil vowed to recoup public funding the state had lost due to an alleged public transit cartel formed by Germany-based engineering firm Siemens. Reports say the state plans to sue the company to obtain lost funds to the cartel, which is accused of fixing prices for construction, equipment and maintenance of public transit. The state’s governor, Geraldo Alckmin, confirmed Tuesday that a case against Siemens would be open and that the state would “demand total reimbursement.” The lawsuit would follow a complaint lodged with Brazil’s antitrust agency CADE by the nation’s National Subway Operators Association. The nation’s struggling public transportation sector has lead to major public protests against inadequate public services and charges of government corruption.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Spain’s Antitrust Watchdog Clears BBVA’s Sabadell Bid With Conditions
Apr 30, 2025 by
CPI
JetBlue and United Airlines Explore Strategic Partnership Following Collapse of NEA
Apr 30, 2025 by
CPI
House Passes ‘Take It Down Act,’ the First Major AI-Related Federal Regulation
Apr 29, 2025 by
CPI
Michigan Sues Express Scripts, Prime Therapeutics for Alleged Price-Fixing Scheme
Apr 29, 2025 by
CPI
Tech Rivals Testify as FTC Antitrust Trial Against Meta Enters Defining Phase
Apr 29, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Mergers in Digital Markets
Apr 21, 2025 by
CPI
Catching a Killer? Six “Genetic Markers” to Assess Nascent Competitor Acquisitions
Apr 21, 2025 by
John Taladay & Christine Ryu-Naya
Digital Decoded: Is There More Scope for Digital Mergers In 2025?
Apr 21, 2025 by
Colin Raftery, Michele Davis, Sarah Jensen & Martin Dickson
AI In the Mix – An Ever-Evolving Approach to Jurisdiction Over Digital Mergers in Europe
Apr 21, 2025 by
Ingrid Vandenborre & Ketevan Zukakishvili
Antitrust Enforcement Errors Due to a Failure to Understand Organizational Capabilities and Dynamic Competition
Apr 21, 2025 by
Magdalena Kuyterink & David J. Teece