BRUSSELS, March 21 Goldman Sachs, world
No. 1 cablemaker Prysmian, Nexans, and
several Japanese peers will be fined by the EU antitrust
regulator next month for taking part in a cartel, four people
familiar with the matter said on Friday.
The sanctions from the European Commission are the latest
action by regulators against price-fixing by cable producers.
Authorities in Japan, South Korea and Australia have already
levied million-dollar fines for anti-competitive practices.
The United States Department of Justice is also
investigating the cable industry.
"The Commission's decision is expected to come before Easter
(April 20)," the people said.
(Reporting by Foo Yun Chee; editing by Barbara Lewis)