ZURICH (Reuters) - Schmolz + Bickenbach (STLN.S) has agreed to pay a fine of 12.3 million euros nto settle allegations of anti-competitive practices in Germany, the embattled steelmaker said on Thursday.
Schmolz + Bickenbach made the out-of-court agreement with the German Federal Cartel Office following an investigation into alleged anti-trust issues, without giving further details.
Payment depends on the Swiss company raising money through a planned capital increase on Dec. 2, it added.
Reporting by John Revill
