EU slaps cable cartel with €302M fine

The EU has fined Goldman Sachs (GS), leading cablemaker Prysmian (PRYMF), Nexans (NEXNY) and eight cable firms a combined €302M ($416M) for operating a cartel.

Prysmian was hit with the largest penalty, €104.6M, which includes a joint €37.3M fine with Goldman Sachs (GS).

Another cartel member was General Cable (BGC).

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs