- Reuters•2 years ago
* Shares in Prysmian rise on lower than expected fine (Adds Goldman Sachs, Prysmian, EU antitrust chief comments) BRUSSELS, April 2 (Reuters) - U.S. investment bank Goldman Sachs, the world's top cablemaker Prysmian, Nexans and eight other cable firms were fined a total of 302 million euros ($416 million) by European regulators for running a cartel. The power cable cartel, made up of six European companies, three Japanese and two Korean firms, ran for almost 10 years from 1999, with the companies sharing markets and allocating customers between themselves, the European Union's antitrust authority said on Wednesday. Prysmian received the biggest penalty from the EU at 104.6 million euros, which included a joint fine of 37.3 million euros with Goldman Sachs.
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NKT Holding A/SCopenhagen
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