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Strabag pays increase in fine to settle Austrian court proceedings

( March 12, 2026, 06:12 GMT | Official Statement) -- MLex Summary: Strabag has reached a settlement with the Austrian competition authority in a bid-rigging cartel, paying a €146 million penalty. There had been a dispute over the company's role as a whistleblower that had triggered further court proceedings. "The fact remains that Strabag cooperated extensively with the Federal Competition Authority and made a significant contribution to clarifying the facts of the case," the company said in a statement.The statement follows:...

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