EU Fines 6 Transformer Producers €67.7M Over Cartel
The antitrust watchdog announced penalties Wednesday against Japan's Toshiba Corp., Hitachi Ltd. and Fuji Electrics, and European companies ABB Ltd., Areva T&D SA and Alstom SA.
German industrial giant Siemens AG also participated in the “rip-off,” the EC said, but escaped a fine for blowing the whistle on the cartel.
Swiss engineering group ABB was hit...
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