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ABB wasn't 'core player' in global power-cable cartel, UK judge told

By Simon Zekaria ( February 13, 2018, 21:02 GMT | Insight) -- ABB wasn’t a “core player” in a global high-voltage power-cable cartel, even as the Swiss engineering giant and electricity grid building specialist was one of 11 companies charged for such activity by European regulators nearly four years ago, a senior former ABB executive told a UK judge today. Anglo-Dutch subsea electrical connector BritNed is claiming damages against ABB in the UK’s High Court for losses due to alleged overpayment for cartelized cables.ABB wasn’t a “core player” in a global high-voltage power-cable cartel, even as the Swiss engineering giant and electricity grid building specialist was one of 11 companies charged for such activity by European regulators nearly four year ago, a senior former ABB executive told a UK judge today....

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