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Electronics Production | January 04, 2006

Siemens fined for participating in a cartel

The competition authorities GVH in Hungary has fined four foreign power technology groups operating in Hungary for running a cartel.
French Alstom, Austrian VA Tech, German Siemens and twoo French subsidiaries of Areva has been fined for cartel running. The Swedish-Swiss power technology group ABB got away from the fines for helping GVH out with the pulling out and providing of information.

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