Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Xetra  >  ThyssenKrupp AG    TKA   DE0007500001

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

German Cartel Office Issues First Fines in Rail Cartel Probe

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/05/2012 | 11:13am CET

By Monica Houston-Waesch

Germany's cartel office Thursday issued fines totaling 124.5 million euros ($156.5 million) to companies in a rail cartel probe.

The fines relate to the initial part of the investigation into whether manufacturers made cartel agreements on the supply of rail to Germany's Deutsche Bahn, to the disadvantage of the railway company. The fines aren't legally binding and may be appealed.

ThyssenKrupp AG (>> ThyssenKrupp AG) unit ThyssenKrupp GfT Gleistechnik GmbH was fined EUR103 million, Vossloh AG unit Stahlberg Roensch GmbH was fined EUR13 million, and two units of Austrian steelmaker voestalpline AG (VOE.VI) were fined a total of EUR8.5 million.

"This case shows anew that public tenders require strong scrutiny," the office said in a statement.

In a statement, voestalpine said its fine would have been several times higher without its prompt cooperation in the probe.

ThyssenKrupp said it would accept the fine to settle this part of the case, and that investigations are still underway regarding two other product areas. The company has made a provision of EUR30 million for the remainder of the probe, it said in a statement.

The cartel office said it would expand the investigation to other areas, including the supply of rail to regional and local railways.

Write to Monica Houston-Waesch at nikki.houston@dowjones.com

Stocks mentioned in the article : ThyssenKrupp AG
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on THYSSENKRUPP AG
02/24 TERNIUM : to Acquire 100% Stake in thyssenkrupp Slab and CSA Siderurgica do Atla..
02/23 THYSSENKRUPP : to sell Brazilian steel mill
02/23 Mining Dozer Market 2017 - Hitachi, Doosan, Caterpillar, Komatsu, Sandvik, Bo..
02/22 Thyssenkrupp ends costly Americas venture with CSA sale to Ternium
02/22 THYSSENKRUPP : Sells Brazilian Steel Plant CSA to Ternium
02/22DJTHYSSENKRUPP : Agrees to Sell Brazilian Steel Plant to Ternium for EUR1.5 Billio..
02/22DJFURTHER MILESTONE REACHED ON STRATEG : Thyssenkrupp Sells Brazilian Steel Mill C..
02/22 DGAP-ADHOC : thyssenkrupp AG: Weiterer Meilenstein bei Strategischer Weiterentwi..
02/22 DGAP-ADHOC : thyssenkrupp AG: Further milestone reached on Strategic Way Forward..
02/21 Tinplate Market 2017 - NSSMC, WISCO, JFE, Tonyi, POSCO, U.S. Steel, ThyssenKr..
More news
Sector news : Steel - NEC
02/25DJVale's CEO to Exit Amid Political Pressure -- WSJ
02/24DJVale CEO Murilo Ferreira to Step Down in May -- 2nd Update
02/24DJCorrection to Vale CEO Story
02/24DJVale CEO Murilo Ferreira to Step Down in May -- Update
02/24DJAustralia Stocks Led Lower by Miners
More sector news : Steel - NEC
News from SeekingAlpha
02/22 Ternium to buy Thyssenkrupp's Brazilian steel plant for $1.3B
01/23 THYSSENKRUPP : Shifting Focus
2016 ThyssenKrupp AG reports FY results
2016 thyssenkrupp's (TYEKF) CEO Heinrich Hiesinger on Q4 2016 Results - Earnings C..
2016 ThyssenKrupp AG 2016 Q4 - Results - Earnings Call Slides
Advertisement
Financials (€)
Sales 2017 41 265 M
EBIT 2017 1 724 M
Net income 2017 518 M
Debt 2017 4 477 M
Yield 2017 1,00%
P/E ratio 2017 23,12
P/E ratio 2018 13,68
EV / Sales 2017 0,44x
EV / Sales 2018 0,41x
Capitalization 13 526 M
More Financials
Chart THYSSENKRUPP AG
Duration : Period :
ThyssenKrupp AG Technical Analysis Chart | TKA | DE0007500001 | 4-Traders
Full-screen chart
Technical analysis trends THYSSENKRUPP AG
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 25,8 €
Spread / Average Target 8,0%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Heinrich Hiesinger Chief Executive Officer
Ulrich Lehner Chairman-Supervisory Board
Guido Kerkhoff Chief Financial Officer
Martin Holz Chief Information Officer
Bernhard Pellens Independent Member-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
THYSSENKRUPP AG5.57%14 271
VALE SA35.60%54 386
ARCELORMITTAL18.23%26 854
NIPPON STEEL & SUMITOM..7.53%23 783
POSCO--.--%21 605
NUCOR CORPORATION2.30%19 383
More Results