After the dismantling of the cartel last week, sanctioned with a cumulative total of 118 million euros, almost half of these sanctions corresponded to subsidiaries of ACS, including Dragados, Sociedad Española de Montajes Industriales, Control y Montajes Industriales, and Electren . In total these four subsidiaries were given sanctions for 51 million euros.
Until now, the company with the most fines by the CNMC had been Procter & Gamble (P & G), after the fine of 68.5 million in 2016 against its subsidiary Arbora & Ausonia for participating in a cartel of manufacturers of adult diapers. Behind it is the Volkswagen Group, with thirteen sanctions for a total of 53.2 million collected in two separate files, resolved in 2015.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Japan’s Nippon Steel Eyes Year-End Close on $15B US Steel Deal Amid Political Uncertainty
Nov 7, 2024 by
CPI
Canada Orders Dissolution of TikTok’s Business Amid National Security Concerns
Nov 7, 2024 by
CPI
India Raids Amazon, Flipkart Seller Offices in Foreign Investment Probe
Nov 7, 2024 by
CPI
Canada’s Competition Bureau Seeks Public Feedback on Updated Merger Guidelines
Nov 7, 2024 by
CPI
FTC Adopts Stricter Reporting Rules for Mergers, Delays Expected in 2025
Nov 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Remedies Revisited
Oct 30, 2024 by
CPI
Fixing the Fix: Updating Policy on Merger Remedies
Oct 30, 2024 by
CPI
Methodology Matters: The 2017 FTC Remedies Study
Oct 30, 2024 by
CPI
U.S. v. AT&T: Five Lessons for Vertical Merger Enforcement
Oct 30, 2024 by
CPI
The Search for Antitrust Remedies in Tech Leads Beyond Antitrust
Oct 30, 2024 by
CPI