Brazilian competition regulator CADE have announced the end of their official probe of the country’s Construction-grade cement market, during which over 18 companies were held under suspicion of alleged violations to free competition.
CADE’s investigators accused the companies of participating in cooperation agreements, whereby they refused to sell three specific types of cement to their competitors belonging to a different group, thus leading to an increase in prices. CADE found major players HOlcim Brasil, CImento Tupy and Votorantim Pimentos to have principal responsibility for establishing and operating this cartel, with the final announcement recommending the imposition of sanctions.
Regarding the remaining companies, lead investigator Paulo Burnier has declared that there is insufficient evidence to recommend sanctions on the majority of companies investigated. However, Mr. Burnier went on to note that several of them have already been fined in other cases of antitrust violations.
Full Content: Global Cement
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI