- - -

INVEST IN STOCKHOLM NEWSLETTER

SWEDISH WIRE NEWSLETTER

EMBASSIES/
CONSULATES
IN SWEDEN

EXECUTIVE JOBS

RSS FEEDS

TRANSLATORS

STOCKS

FLIGHTS, HOTELS AND HOLIDAYS

- - -
Investment opportunities

ICT startups offer investment opportunity

Swedish companies ready for exit

Five med-tech investment opportunities

Six cleantech investment opportunities

- - -
Rankings and surveys

Sweden has (second) best reputation in the world

Sweden among top in Internet download speed

Sweden scores highest in 'Rule of law index'

Stockholm world's No1 in intellectual capital

Sweden the world's most ICT-competitive country

Sweden great place for moms – but Norway better

Swedes place 4th in English skills ranking

Sweden among top ICT countries

Sweden’s 10 greenest brands

‘Sweden needs to sell itself more’

Sweden overtakes the US in competitiveness

Sweden 10th ‘most admired country globally’

Sweden climbs in 'doing business' ranking

Sweden among world's least corrupt nations

Sweden's mortality rates world's second lowest

Sweden a good place to die – but Britain is best

Children in Sweden have best lives

Sweden the most competitive EU nation

Safe to do business with Swedes

How Sweden became an innovation frontrunner

Nordic countries world's most food-secure

Sweden the world’s best country – politically

Swedish firms among world's top brands

Swedish brands climb in global ranking

Sweden tops government ranking - while US lags 

'Swedish model' outranks 'American dream'  

Sweden among world's least corrupt nations

Kone faces claims in anti-trust case

HELSINKI (AFP) - Finnish lift and escalator maker Kone said Monday its Austrian unit had been served with eight claims in connection with a 2007 court ruling finding it and four other companies guilty of price fixing.

RELATED NEWS:
Nokia to file lawsuits against display makers

"Certain municipalities, public authorities and companies have filed civil damage claims against leading elevator and escalator companies in Austria. In total eight claims have been served on Kone's Austrian subsidiary Kone AG," the company said in a statement.

The claims against its subsidiary amounted to a total of 108 million euros (148 million dollars), Kone said.

An Austrian anti-trust court slapped five international lift and escalator companies, including Kone, with a 75.4-million-euro fine in 2007 for price fixing, and the ruling was later upheld by the Austrian Supreme Court.

Kone said: "These decisions do not by themselves ... mean that Kone or other elevator and escalator companies would have caused damage to their customers."

The company insisted the claims against its subsidiary were "without merit," but said each claim would be considered separately, and that the duration of the proceedings remained unclear.

Last Updated (Monday, 15 March 2010 20:48)

 
Banner
AdP right SKY
Most Read Searched  
Banner
Banner
Banner
Banner