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České Dráhy, ÖBB sanctioned by EU antitrust regulator for excluding rival from market

By Andrew Boyce ( October 23, 2024, 09:49 GMT | Insight) -- The Czech and Austrian state railway operators, České Dráhy and ÖBB, were today fined 48.7 million euros by the EU’s antitrust regulator for colluding to prevent a new entrant from expanding on the market. EU competition chief Margrethe Vestager cited the importance of railway sector to the EU’s green goals, saying the European Commission would not “tolerate any restriction of competition.”The Czech and Austrian state railway operators were today fined 48.7 million euros ($52.5 million) by the EU’s antitrust regulator for colluding to prevent a new entrant from expanding on the market....

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