Cartel fines reach new heights

Baker, John; Gibson, Jane
February 2007
ICIS Chemical Business;2/26/2007, Vol. 2 Issue 55, p5
Trade Publication
The author comments on the fine handed by the European Commission (EU) to Otis, Kone, Schindler and ThyssenKrupp, makers of elevators and escalators. He said that the four companies were judged to have operated cartels in four EU countries in the installation and maintenance of elevators and escalators. The author emphasizes that it is the largest fine ever handed by the EU. He discusses the previous record fines that were handed to the chemical industry.


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