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Bundeskartellamt fines four companies in power transformer price-fixing case

By  |  September 21, 2012

Germany’s competition watchdog said Thursday it had fined four companies, including German and Swiss engineering giants Siemens and ABB, a total 24.3 million euros ($31.5 million USD) in a price-fixing probe. The four companies, which also include French industrial group Alstom and German-based Starkstrom-Geraetebau GmbH, are accused of having held talks between 1999 and March 2004 to agree prices in the German power transformer market, the federal cartel office said.

Full Content: Bundeskartellamt (in German)

Related Content: Allocating Cartel Fines Among Companies of a Group

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