ABB announces statement on European Commission decision on anti-competitive practices in power cables

Tuesday, 1 Apr 2014 08:00pm EDT 

ABB Ltd:Confirms the company has been named in a European Commission ruling on anti-competitive practices in the power cable industry.Says the company's fine was waived because the company received full immunity for voluntarily disclosing these practices to the European Commission.Says the information provided by ABB enabled the Commission to conduct an investigation resulting in its decision. 

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