Page 8 - Three German News Today

Bharat Forge - A jolt to ESG improvement journey - ICICI Securities Posted On: 2020-12-27 23:01:14 (Time Zone: Arizona, USA) Bharat Forges (BHFC) German subsidiaries have been fined EUR32mn by Germanys competition regulator, Bundeskartellamt, due to cartelisation. The fine covers a) aluminium and b) steel forgings (yet to be settled) cartelisation case. Key findings (press release) were: a) Five aluminium forging companies were engaged in cartelisation for ~12 years (starting Apr06) and ha...