A PYMNTS Company

Spain: Asphalt cartel jeopardized more than 900 projects

By  |  March 12, 2013

Spain’s competition authority the CNC has announced nearly $21 million in fines issued to an asphalt cartel. According to a press release, formal proceedings against eleven companies involved began in June of 2011. The CNC found that the companies conspired to divide the asphalt market in Cantabria in an anti-competitive agreement. Additionally, the CNC found companies to have fixed prices and made agreements to share out public and private contracts. The authority found the collusion to have run between 1998 and 2011 and that it affected more than 900 projects.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Full Content: CNC

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.