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SCHMOLZ + BICKENBACH Settles With German Federal Cartel Office
Release time:Nov 25, 2019 From:admin
Global leader in special long steel SCHMOLZ + BICKENBACH has reached an out-of-court agreement with the German Federal Cartel Office regarding investigations on suspected anti-trust practices. The parties have agreed on a fine of EUR 12.3 million. SCHMOLZ + BICKENBACH accepts the fine.
The agreement is subject to the execution of the planned share capital increase to be approved by the extraordinary general meeting on December 2, 2019.
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