Investment bank Goldman Sachs, the world's top cablemaker Prysmian, Nexans and eight cable firms were fined a total of 302 million euros ($416 million) by EU antitrust regulators on Wednesday for running a cartel.
Goldman Sachs and world No.1 cablemaker Prysmian will be charged along with France's Nexans and several Japanese cable firms next month by the EU for operating an industry price-fixing cartel, four people with knowledge of the matter said on Friday.
Cable producer Prysmian has beaten recent bids from Nexans and Tianjin Xinmao S&T Investment Corp (Xinmao) to takeover Dutch company Draka, creating one of the world’s largest energy and telecom cable suppliers
Oops! Unable to complete your request. Please refresh your browser.
The article on this company has not been written yet. If you're the first person to write this article, it's a sure thing that you'll be credited as a Top Contributor. For tips on getting started, check out the sample article.
You may also be interested in articles related to Prysmian (BIT:PRY):