A PYMNTS Company

Germany: Steel giant unit offices raided by authorities

By  |  March 1, 2013

Steel giant ThyssenKrupp has announced that its Steel Europe unit office in Duisburg were subject to raids by Germany’s Federal Cartel Office. The offices were reportedly searched last Thursday regarding allegations of anticompetitive agreements concerning certain steel supplies in the automotive industry. The company declined to give further details, however, other than that the company will comply fully with the investigation. A high-end executive of the company, Germany’s largest steel maker, was accused of antitrust violations last October concerning the railway-steel industry.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Full Content: Steel Orbis

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.