CADE doles out €125.4 million in fines for subway cartel

Julie Masson

09 July 2019

CADE doles out €125.4 million in fines for subway cartel

Credit: iStock/Alfribeiro

Brazil’s competition watchdog has fined some of the biggest transport manufacturing companies in the world – including Alstom, Bombardier and Mitsui – a total of 535.1 million reais (€125.4 million) for rigging public bids to build trains and subways throughout the country.