Deutsche Bahn to sue Arcelor, Saarstahl for damages
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[April 28, 2014]
FRANKFURT (Reuters) — Deutsche Bahn
said it was filing claims against a number of steel companies
including ArcelorMittal and Saarstahl for damages which the German
rail operator alleges were caused by fixing of the price of railway
"The companies that took part in the cartel have declined to hold
talks on damages. That is why we are suing now," Deutsche Bahn
management board member Gerd Becht told weekly newspaper Bild am
Sonntag according to a report published on Sunday.
A spokeswoman for the state-owned company told Reuters that the
companies involved included ArcelorMittal and Saarstahl and said the
suit was to be filed in the Netherlands.
Neither ArcelorMittal nor Saarstahl were immediately available for
Bild am Sonntag cited internal Deutsche Bahn documents as saying
that the company believed it was sold 48 million reinforced concrete
sleepers at prices that were too high over an 18-year period,
causing damages worth a three digit-million-euro sum.
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The European Commission in 2010 fined 17 producers of prestressing
steel a total of 518 million euros for running a price-fixing cartel
for 18 years. The fine was later reduced to 270 million euros, 45.7
million of which fell on ArcelorMittal.
(Reporting by Michael Nienaber and Sabine Siebold;
writing by Maria Sheahan; editing by Andrew Roche)
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