Brazil Daily

Alstom, Bombardier guilty of forming a cartel

Good morning! Eleven companies were found guilty of rigging public bidding processes in São Paulo—including big names such as Alstom and Bombardier. The pension reform reaches its final stage in the House. Brazil’s democracy to get more expensive. Brazil to auction mining areas.


Alstom, Bombardier guilty of forming a cartel

Brazil’s antitrust regulator Cade found 11 companies guilty of fixing prices and rigging public bidding processes—including big names such as Alstom and Bombardier. They defrauded 27 subway and train projects in São Paulo, Brasília, Minas Gerais, and Rio Grande do Sul. Cade blacklisted the...

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