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Europe Daily Bulletin No. 11052

3 April 2014
ECONOMY - FINANCE - BUSINESS / (ae) competition
Three steel abrasive manufacturers fined €30.7 million

Brussels, 02/04/2014 (Agence Europe) - On Wednesday 2 April, the European Commission levied fines of more than €30 million on three producers of steel abrasives, Winoa, Metalltechnik Schmidt and Eisenwerk Würt, for participating in a cartel to fix prices in Europe for more than six years. French company Winoa was fined more than €27 million, and German companies Metalltechnick Schmidt and Eisenwerk Würth were fined more than €2 million and around €1 million respectively.

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Contents

ECONOMY - FINANCE - BUSINESS
UE-AFRICA SUMMIT
EXTERNAL ACTION
SECTORAL POLICIES
INSTITUTIONAL