Reinforcing-wire makers face EUR5 million fine in France
( May 12, 2016, 10:23 GMT | Official Statement) -- MLex Summary: France’s competition authority has levied fines totaling 5 million euros on La Réunion-based businesses for having carved up the market for reinforcing wires. The companies facing penalties are Arma Sud, Ravate, Sermétal, C.Steinweg, KDI Davum and Mer Union. Arma Sud benefited from a 10 percent discount on the fine for its cooperation with the regulator.Full statement follows in French:...
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