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Goldman Sachs, Prysmian, others lose challenge against 302 million euros EU cartel fine

“Prysmian was hit with the biggest fine at 104.6 million euros, which included a joint fine of 37.3 million euros with Goldman Sachs” reports businessinsider.com. The EU antitrust enforcer said the group ran a power cable cartel for almost 10 years from 1999, sharing markets and allocating customers between themselves.The Goldman Sachs company logo is seen in the company’s space on the floor of the NYSE in New York Thomson Reuters By Foo Yun Chee LUXEMBOURG (Reuters) – Investment bank Goldman Sachs , the world’s top cablemaker Prysmian , Nexans and eight other cable companies on Thursday lost their challenge against a 302 million euros ($352.6 million) EU cartel fine.Other cartel members were Japanese cable firms Exsym Corporation, J-Power Systems Corporation and Viscas Corporation, Korean peer LS Cable & System and General Cable Corp via its subsidiary Silec.
 
Source: businessinsider.com



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