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Deutsche Bahn sues steel giants over cartel
Photo: DPA

Deutsche Bahn sues steel giants over cartel

Published: 20 Dec 2012 11:39 GMT+01:00
Updated: 20 Dec 2012 11:39 GMT+01:00

Deutsche Bahn said in a statement that it was seeking damages in a Frankfurt court over alleged price deals among members of a "track cartel" in the sale of tracks to the rail company, but it did not give a figure.

A report in Thursday's Süddeutsche Zeitung said the amount was about €750

million.

Gerd Becht, of Deutsche Bahn, said in the statement that the company had "appealed to the understanding" of the cartel members over the past months to reach an agreement but had seen "no constructive cooperation" towards an accord.

As well as ThyssenKrupp, which alongside steel also makes elevators, industrial plant technology, submarines and car parts, the case involves Moravia Steel, Vossloh and the former owner of a Vossloh subsidiary Stahlberg Rönsch.

In July, German anti-trust authorities fined companies involved in a rail cartel investigation including ThyssenKrupp nearly €125 million.

The fines related to a probe into whether manufacturers made cartel agreements on the supply of rail to Deutsche Bahn, to the detriment of the railway company, the Federal Cartel Office said.

AFP/bk

The Local (news@thelocal.de)

Your comments about this article

14:17 December 20, 2012 by Berlin fuer alles
Correct to tackle a Cartel operation but a little hypocritical coming from DB who held an unfair monopoly for decades.
16:28 December 20, 2012 by grinners
Looks like putting prices up and suing business partners is the new profit driving strategie for 2013.

I'm sure the board will benefit.
20:20 December 20, 2012 by mobiusro
By no means am I trying to excuse the others, but is it only me or are the Germans very ok with monopolies as long as they are the ones doing it?
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