The Swiss Federal Competition Commission (ComCo) has opened an investigation into four steel traders accused of illegal collusion.
It is suspected that the steel traders coordinated the sale and laying of steel over several years, the Competition Commission announced on Thursday. There were also indications that the companies had divided up customers among themselves.
The Competition Commission has already carried out house searches at several companies. It is now investigating whether there have actually been any antitrust offences.
According to the press release, such an investigation usually takes two years. The accused companies are presumed innocent, it continues.
Full story here Are you the author?
You Might Also Like
Inheritance tax referendum spooks Swiss super-rich
2025-06-23
Lawyers and bankers in Switzerland are warning of a UK-style exodus of the wealthy ahead of a referendum on a 50% inheritance tax for the super-rich. The Alpine nation is due to hold a popular vote in November on the introduction of a federal tax on inheritances and gifts worth more than CHF50 million ($61 …
Economists slash Swiss GDP growth forecasts
2025-06-16
Following an increase in exports to the United States in the first quarter, the Swiss economy is bracing itself for a tariff backlash. +Get the most important news from Switzerland in your inbox In particular, dark clouds are gathering over the economic outlook for 2026. The State Secretariat for Economic Affairs (Seco) has lowered its …
Swiss bank Raiffeisen appoints new CEO
2025-06-11
Gabriel Brenna, Chief Executive Officer (CEO) of Liechtensteinische Landesbank (LLB) since 2021, has been appointed head of Raiffeisen Switzerland. The new CEO will take up his post on December 1, according to a Raiffeisen press release issued on Wednesday. Gabriel Brenna takes over from Heinz Huber, who stepped down at the end of December 2024. …
Swiss voters to decide again on imposing ethical behaviour on companies
2025-05-27
A second Swiss “Responsible Business” initiative has attracted 287,000 signatures, nearly three times the 100,000 backers needed to trigger a nationwide vote. +Get the most important news from Switzerland in your inbox The initiative calls for Swiss corporations and their subsidiaries to respect human rights and environmental protection at home and abroad and be liable …
Switzerland eyes mediation role amid rising risk of conflict in outer space
2025-04-10
A SpaceX rocket is launched at Cape Canaveral, Florida, in September 2024, carrying five commercial satellites into low Earth orbit. Over the last 20 years, the number of satellite launches has risen by 50%, while launch costs have fallen ten-fold, according to the WEF.
Keystone
Listen to the article
Listening the article
Toggle language selector
Switzerland holds back on US tariff countermeasures
2025-04-03
Federal Council currently refrains from countermeasures to US tariffs
Keystone-SDA
Listen to the article
Listening the article
Toggle language selector
English (US)
Swiss central bank resumes foreign currency buying spree
2025-03-31
Listen to the article
Listening the article
Toggle language selector
English (US)
Two former managers convicted of bribery in Swatch trial
2025-03-24
More
Sergio Ermotti named highest paid banker in Europe
This content was published on
Apr 1, 2025
UBS CEO Sergio Ermotti was the highest earning CEO of the largest banks in Europe last year.
Read more: Sergio Ermotti named highest paid banker in Europe
More
Chinese e-car manufacturer BYD arrives in Switzerland
Tags: Featured,newsletter
