Brazil: Prysmian warns of potential US$100M-plus fine in antitrust case

Brazil: Prysmian warns of potential US$100M-plus fine in antitrust case

Cable maker Prysmian said on Monday, February 11, it could have to pay a fine of up to €96 million (US$108 million) in an antitrust case opened in Brazil in 2011. The Brazilian antitrust authority—the CADE Tribunal—is expected to issue a decision that will be provisionally enforceable. The decision could be challenged before the Brazilian […]

EU: Goldman Sachs, Prysmian, others lose challenge against cartel fine over power lines

EU: Goldman Sachs, Prysmian, others lose challenge against cartel fine over power lines

Investment bank Goldman Sachs, the world’s biggest cablemaker Prysmian, rival cablemaker Nexans, and eight other cable companies on Thursday, July 12, lost their challenge against a €302 million (US$353 million) EU cartel fine, reported Reuters. The companies had appealed to the General Court, Europe’s second-highest court, asking for the European Commission’s 2014 decision to be […]