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UK Fines Precast Concrete Drainage Products

 |  December 22, 2020

The UK’s Competition and Markets Authority (CMA) has issued a decision imposing fines on suppliers of pre-cast concrete drainage products for breaching competition law.

The CMA welcomed the judgment from the Competition Appeal Tribunal, which upholds its decision to impose a £25 million (US$33.47 million) fine on FP McCann for participating in an illegal cartel, reflecting the seriousness of the infringement. 

The Tribunal’s judgment reinforced the need for companies to engage in active competition and not cheat by colluding with their rivals to fix prices or share out the market between them. The CMA reported they will continue to crack down on illegal cartels and impose significant fines to deter anti-competitive behavior that harms consumers and the wider economy.

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