Spain’s competition authority the CNC has announced nearly $21 million in fines issued to an asphalt cartel. According to a press release, formal proceedings against eleven companies involved began in June of 2011. The CNC found that the companies conspired to divide the asphalt market in Cantabria in an anti-competitive agreement. Additionally, the CNC found companies to have fixed prices and made agreements to share out public and private contracts. The authority found the collusion to have run between 1998 and 2011 and that it affected more than 900 projects.
Full Content: CNC
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Coinbase to Acquire Deribit in Landmark $2.9 Billion Deal
May 9, 2025 by
CPI
Cautious Optimism From AI Execs Over Planned Lifting of Export Controls, But Concerns Remain
May 8, 2025 by
CPI
UK Holds Firm on Digital Tax for US Tech Giants Despite New Trade Deal
May 8, 2025 by
CPI
Pro Tennis Governing Body Barred from Influencing Players in Antitrust Lawsuit
May 8, 2025 by
CPI
Mastercard Wins Dismissal of Antitrust Suit Over Digital Wallet Access
May 8, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Mergers in Digital Markets
Apr 21, 2025 by
CPI
Catching a Killer? Six “Genetic Markers” to Assess Nascent Competitor Acquisitions
Apr 21, 2025 by
John Taladay & Christine Ryu-Naya
Digital Decoded: Is There More Scope for Digital Mergers In 2025?
Apr 21, 2025 by
Colin Raftery, Michele Davis, Sarah Jensen & Martin Dickson
AI In the Mix – An Ever-Evolving Approach to Jurisdiction Over Digital Mergers in Europe
Apr 21, 2025 by
Ingrid Vandenborre & Ketevan Zukakishvili
Antitrust Enforcement Errors Due to a Failure to Understand Organizational Capabilities and Dynamic Competition
Apr 21, 2025 by
Magdalena Kuyterink & David J. Teece