Deutsche Bahn AG To Sue ThyssenKrupp AG And Other Steelmakers In Cartel Case-Reuters

Reuters reported that Deutsche Bahn AG plans to sue members of a rail track cartel that may have defrauded it of hundreds of millions of euros during a decade of price-fixing, after four of them were fined. The state-owned company said it would claim at least EUR100 million ($125 million) in damages from cartel members, which include steelmaker ThyssenKrupp AG, two voestalpine AG units and rail technology group Vossloh AG. Earlier on Thursday, Germany's cartel office fined the four suppliers EUR124.5 million for price-fixing, and said it was still investigating one other company as well as regional and local rail track suppliers. It fined ThyssenKrupp EUR103 million, Vossloh EUR13 million and two units of Voestalpine - which acted as whistleblower - a total of EUR8.5 million.