VAI Group CEO Wolfgang Eder said that he expected to face fines for cartel office, 5 million euros to a maximum of 10 million euros in the main program of the Deutsche Bahn AG shareholders' meeting in Linz.
Voestalpine Group and other defendants are expected to obtain the appropriate notice in the next few days. The German railway company's potential damage claims not included in the total.
VAI and ThyssenKrupp and other companies are suspected of illegal price-fixing in the railway market and distribute orders. This damages the interests of the German railway companies and other private railway companies.
The German cartel office, the two groups take different proceedings. ThyssenKrupp, a spokesman stressed that the group is interested in friendly solutions, and is working with the parties involved to negotiate. , A spokesman for the Cartel Office, said that the legal process continues.
VAI Group expects the current 2012/13 fiscal year will continue to maintain the level of the previous fiscal year by 900 million euros in special items, adjusted operating profit (EBIT). The biggest uncertainty is not the euro-zone debt crisis, but lower growth prospects.
Eder said: "any negative news from China will be an immediate impact on the global market." Nevertheless, the group's production capacity throughout the summer, still would not step back, even if it is affected by the economic downturn of the steel sector.
The Eder plan liabilities increased from 53% in the next two years will be reduced to 40%. Voestalpine Group has once again prepared for major investments and acquisitions have adequate reserves.
Eder in general meeting, the Group's goal is "to obtain the relative progress, and may even aggressive expansion". The Group's most recent acquisition is the acquisition of a specialty steel manufacturer B?hler-Uddeholf to 4 billion euros in 2007/08 fiscal year.
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