The Federal Cartel Office is investigating the suspicion of price fixing among cable manufacturers, including the supplier Leoni from Nuremberg. The company confirmed that a search operation had taken place on Tuesday. A spokesman for the cartel office said that the authority had searched several manufacturers of cables and wires, but did not name the companies concerned. There are suspicions that companies and associations have illegally agreed on prices. According to Leoni, it is about “that cable manufacturers should have coordinated the calculation of metal surcharges customary in the industry in Germany”. With these surcharges, cable manufacturers adjust the prices for copper or aluminum to the current stock market price. Leoni is cooperating with the authorities and will examine the allegations, the company said.
Cartel suspicion – raid on cable manufacturers – economy
