Top: rain of contracts following the state visit to Morocco
As part of Emmanuel Macron’s state visit to Rabat, Morocco, organized from October 28 to 30, nearly 10 billion euros of contracts for French companies, or cross commitments had to be signedindicated the Elysée.
In combination, Alstom will supply new generation TGVs to the Moroccan National Railway Office, CMA CGM will increase the capacities of a container terminal with its partner Marsa Maroc, Safran will build a new maintenance workshop for its Leap engines, while that Veolia will be in charge of the second largest seawater desalination plant in the world. French groups were already the first direct investors in Morocco.
Flop: mega fines in the low-voltage electrical equipment sector
Two years after their indictment, the electrical equipment manufacturers Schneider Electric and Legrand, as well as the distributors Rexel and Sonepar, were sentenced on Wednesday October 30, to a total amount of 470 million euros in fines for vertical cartels on resale prices.
Schneider Electric received the highest sanction (207 million euros fine). For Legrand, the required amount amounts to 43 million euros. The two industrialists refute the complaints made against them and reserve the right to appeal. In the electrical equipment sector, sanctions had already been previously imposed by the Competition Authority.
Source: www.usinenouvelle.com
