SNCB, Infrabel Sue Elevator Makers on Cartel Ruling, L’Echo Says
Belgian rail companies SNCB Holding SA and Infrabel SA are suing four of the world’s largest elevator manufacturers, L’Echo reported, citing a court filing.
The rail firms have opened legal proceedings in a Belgian court on the basis of a European Union antitrust decision against United Technologies Corp. (UTX)’s Otis unit, Finland’s Kone Oyj (KNEBV), Schindler Holding AG (SCHD), and ThyssenKrupp AG (TKA), the newspaper said. The companies were among five that were fined a total of 992.3 million euros ($1.3 billion) by the European Commission in 2007 for participating in a cartel that carved up the market for elevators and escalators.
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