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
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