European Union antitrust regulators have taken action against several companies operating in the construction chemicals sector on suspicion of collusion and a breach of the bloc’s cartel rules. The firms, which have not been publicly named, are now under scrutiny as the European Commission carries out a preliminary investigation.
In a statement released on Tuesday, the European Commission clarified that the companies in question specialize in the production of chemical additives for cement, as well as chemical admixtures for concrete and mortar. These products are vital components in the construction industry, used to enhance the properties of building materials.
The raids are considered a preliminary step in the investigation, with the possibility of formal proceedings against the companies looming if sufficient evidence emerges to substantiate their violation of the European Union’s antitrust regulations. It is important to note that the raids themselves are not indicative of guilt, but rather a measure taken to gather information and investigate possible breaches.
Related: European Commission Closes Internache Casino Collusion Probe
At this stage, the Commission has refrained from disclosing the identities of the firms subjected to these surprise inspections. This move is in line with established investigative protocols designed to protect the integrity of the ongoing inquiry.
The coordinated raids were conducted in collaboration with national competition authorities from the 27-member EU, the United Kingdom’s Competition and Markets Authority, and the Turkish Competition Authority. This joint effort underscores the gravity of the situation and the determination of antitrust authorities to ensure compliance with European Union competition regulations within the construction chemicals sector.
Source: EC Europa
Featured News
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
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI