Author (Person) | Schäfer, Daniel, Tait, Nikki |
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Series Title | Financial Times |
Series Details | 12.12.08 |
Publication Date | 12/12/2008 |
Content Type | News |
Article reports that the European Commission has charged some of the world’s largest engineering groups – including Siemens, ABB and Toshiba – with running a cartel in Europe’s multi-billion euro power transformer market. The European Commission itself confirmed that it had sent a Statement of Objections to a number of producers of power transformers, concerning their alleged participation in a cartel in violation of EU rules on restrictive business practices (Article 81 of the EC Treaty and Article 53 of the Agreement on the European Economic Area). |
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Subject Categories | Business and Industry, Internal Markets |
Countries / Regions | Europe |