Court puts industry fine on hold, Argentina

Court puts industry fine on hold, Argentina
Published: 13 July 2012

Tagged Under: Argentina Penalty Pricing 

Argentina’s Supreme Court has put on hold a ARS$300m (US$66m) fine imposed on cement companies in 2005 by the competition authority CNDC based on evidence of alleged collusion and dividing the market between them. The cement companies listed are Loma Negra, Cemento San Martin, Juan Minetti, Cementos Avellaneda and Petroquimica Comodoro Rivadavia that have been contesting the ruling since.