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Italy: EU charges metal producer with cartel work

 |  December 4, 2014

The European Commission has charged Italy-based metal producer Pometon, along with four other companies, for participating in an anticompetitive cartel, say reports.

The Commission said Thursday that Pometon declined to settle the case eight months ago; the company has now been notified of the charges, say reports.

The Italian firm is suspected of colluding to fix scrap metal surcharges with rivals. The four other firms accused of taking part in the conspiracy are France-based Winoa, Germany-based Metalltechnik Schmidt and Eisenwerk Wurth, and Ervin, which qualified for leniency for being first to approach authorities with evidence of the collusion.

Full content: Reuters

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