A PYMNTS Company

Spain: $34 million in fines for polyurethane cartel

By  |  March 6, 2013

Spain’s competition authority, the CNC, has issued nearly $34 million in fines to various polyurethane foam manufacturers for forming a cartel. According to the CNC, ten companies have been fined with one exemption issued to Rectiel under the CNC’s leniency program for informing the authority of the cartel. The CNC says the companies colluded to fix prices and shared market-sensitive information.

    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.