Colombia’s Superintendence for Industry and Commerce (SIC) has charged two companies, Puerto Nuevo and Prodeco SA, over alleged abuse of market dominance in their industry, which is the transportation of coal from sea ports to its international destination.
The Puerto Nuevo Port Society, which operates the port at the city of Magdalena and is owned in large part by Prodeco itself, were singled out by the competition watchdog. As stated in the accusation, “From the start of their operation of the port, the only coal exporter ever employed by Puerto Nuevo has been Prodeco, or other shareholders with coal for export.”
Colombia’s competition regulator has presented criminal charges against these companies over their monopoly over the port. Additionally, the agency issued individual citations to 10 high executives accused of collaborating, authorizing, executing or otherwise tolerating these actions.
Full content: Bolsamanía
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
European Music Streaming Firms Rally Against Apple’s Proposed Remedies
May 9, 2024 by
CPI
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 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