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Germany: Railway cartel lands ThyssenKrupp thousands in fines – again

By  |  July 23, 2013
Germany: Railway cartel lands ThyssenKrupp thousands in fines – again

Antitrust regulators in Germany have slapped yet another fine on an accused railway cartel following more complaints of price-fixing. Reports say about $131 million has been issued as a second fine on participants of the cartel; the company hit hardest with the fines is ThyssenKrupp. Shreck-Mieves and Voestalpine were also fined. This is the second fine issued for a railway cartel; earlier this month regulators received complaints of a cartel conspiring to rig prices. ThyssenKrupp was the main suspect in the case. This time, regulators have imposed another fine on the companies for manipulating rail track and equipment prices between 2001 and 2011. ThyssenKrupp issued an official statement to accept the fine and announce it is officially declaring the case closed.

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