Brazil Opens Cartel Probe Into European Firms

Law360, New York (March 21, 2006, 12:00 AM EST) -- The Brazilian government has opened two probes into European and Japanese power distribution companies, exploring whether the firms engaged in price fixing for equipment used to generate electricity in the country.

The ministry’s investigation targets several units of Swiss electrical engineering company ABB Ltd. Other European companies named include local units of French nuclear power company Areva and Germany's electrical engineering giant Siemens AG.

Brazil's Ministry of Justice began the investigations after it obtained evidence from an unnamed company of an accord between the power-generating technology...
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