Slovak Cable Cartel: €97 Million Fine for 13 Years of Price Fixing
Bratislava, Slovakia – A record-breaking €97.4 million (approximately $105.5 million USD) fine has been levied against eleven companies by Slovakia’s Antimonopoly Office (PMÚ) for operating a cartel that artificially inflated the prices of cables containing copper and aluminum. The investigation, triggered by a whistleblower, reveals a coordinated effort spanning over a decade to control pricing … Read more