OREANDA-NEWS. March 07, 2013. Today business premises of ThyssenKrupp Steel Europe in Duisburg were searched by the Federal Cartel Office. According to the search warrant the matter involves alleged anticompetitive agreements between market participants relating to specific steel supplies to the automotive industry in Germany.

Antitrust violations are not tolerated in the Group. Dr. Heinrich Hiesinger, Chairman of the Executive Board of ThyssenKrupp states clearly: “ThyssenKrupp employs a “zero tolerance” policy. If the allegations are substantiated in the ongoing investigations, we will take rigorous action.”

Dr. Hiesinger continued: “We on the Executive Board expect all managers to ensure business processes are conducted in a proper manner in their area of responsibility and to stay alert and act. We are in the process of implementing a full-scale change to the leadership culture at ThyssenKrupp. I take this very seriously. Anyone who doesn’t cooperate has no business working for us.”

As the investigations are ongoing no further details can be given at present.