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Goldman Sachs, Prysmian, others lose challenge against 302 million euro EU cartel fine

July 12, 2018 11:00 AM
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LUXEMBOURG (Reuters) - Investment bank Goldman Sachs (GS.N), the world’s top cablemaker Prysmian (PRY.MI), Nexans (NEXS.PA) and eight other cable companies on Thursday lost their challenge against a 302 million euros ($352.6 million) EU cartel fine.

The companies had appealed to the General Court, Europe’s second-highest court, asking for the European Commission’s 2014 decision to be thrown out and their fines reduced.

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