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22 Nov
14:22

S+B reaches agreement with German cartel office

Swiss-headquartered Schmolz+Bickenbach has reached an out-of-court agreement with the German federal cartel office regarding investigations on suspected anti-trust practices. The parties have agreed on a fine of €12.3 million ($13.6m), the steelmaker says in a statement.  The German cartel office has for some time been conducting investigations against companies in the steel industry on suspected anti-competitive practices in special bar qual…
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