EU Set To Fine Power Transformer Makers Over Cartel
The antitrust watchdog of the European Union was set to hand down the penalties as early as Wednesday, according to Reuters, which cited an unnamed source close to the matter.
EC spokesman Jonathan Todd did not immediately respond to requests for confirmation of the plans.
In December, the commission charged a number of electrical transformer makers, reportedly including Japan's Toshiba Corp., Germany's Siemens AG,...
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