A PYMNTS Company

ThyssenKrupp, Vossloh, and Voestalpine fined €124.5 M for price-fixing

By  |  July 5, 2012

Germany’s Bundeskartellamt has fined ThyssenKrupp, Vossloh, and Voestalpine 124.5 million euros ($154.23 million) for operating a rail track price-fixing cartel between 2001 and 2011. At 103 million euros, ThyssenKrupp received the greatest penalty.

    Get the Full Story

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

    yesSubscribe 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.

    Deutsche Bahn has already announced that it will be suing all three companies. It seeks 100 million euros ($125 million) in damages.

    Full content: Reuters

     

    Related content: Railroad Antitrust Reform—A Train to Nowhere?

     

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