BRUSSELS SLAPS EURO 85 MILLION FINES ON METAL PRODUCTS CARTEL

BY KEITH NUTHALL The European Commission has fined nine key European Union (EU) metal consumers Euro EUR85.8 million for operating a cartel, allowing them to inflate profits from their purchases and sales between 1999 and 2007. The fines have been imposed on European (mostly German) producers of window mountings, metal parts used to open and close windows and window doors. While these parts are small, they are sold in very large numbers - making the size of the EU market at least Euro EUR1 billion said a Commission communiqué. The companies receiving fines are ...


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