Norway’s District Court announced Wednesday it has reduced a fine imposed on construction firm NCC by the nation’s Competition Authority, according to reports.
The Court decided to reduce the fine issued for anticompetitive collusion with a competitor from more than $23 million to just $6.6 million.
According to reports, the NCC had appealed the fine on the basis that there were no grounds to find the company guilty of the charges, as the case only involved a single individual from the company. NCC also emphasized that its company policy does not condone the collusive practices.
Full Content: Business Wire
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