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| Name | Symbol | Market | Type |
|---|---|---|---|
| Vanguard Mid Cap Value | AMEX:VOE | AMEX | Exchange Traded Fund |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 1.88 | 1.17% | 162.74 | 163.029 | 161.17 | 161.43 | 181,000 | 23:03:11 |
From Aug 2019 to Aug 2024
German steelmaker and engineering company ThyssenKrupp AG (TKA.XE) said Wednesday it has reached an agreement in principle with German railway operator Deutsche Bahn to settle claims connected with an alleged rail cartel.
In July, Germany's cartel office fined the company 88 million euros ($118.8 million) for its part in an alleged price fixing cartel in the rail-steel sector, involving products such as rails, points and sleepers. July's fine brings the company's charges for the case to EUR191 million. Other companies were also fined, including Austria's Voestalpine AG (VOE.VI).
Details of the agreement with Deutsche Bahn are confidential and subject to approval, ThyssenKrupp said Wednesday.
"However, ThyssenKrupp assumes that there will be no further costs on top of the provisions already recognized," it added.
Earlier this year, the company earmarked EUR207 million in risk provisions in anticipation of further fines and damage claims from customers.
Write to Monica Houston-Waesch at nikki.houston@wsj.com
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