Wilh. Wilhelmsen's joint ventures (JVs) have reached a settlement with Brazilian authorities in an ongoing antitrust investigation as decreased volumes dented the company’s profit quarter-to-quarter.
The Oslo-listed owner said a latest agreement with the Brazilian Administrative Council for Economic Defence (CADE) will see WWL and EUKOR pay $3.9m and $4.9m respectively.
CADE was investigating WWL and EUKOR over alleged cartel activities in the car carrier market.
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