Spanish watchdog carries out preliminary inspection on price fixing allegations

Spanish watchdog carries out preliminary inspection on price fixing allegations
Published: 26 January 2015

Tagged Under: Competition Spain Pricing 

Spanish competition regulator, CNMC, has carried out preliminary inspections over 20-21 January 2015 at the headquarters of various local concrete and cement producers on allegations of potential price fixing.

According to the article published in Expansion, if found guilty of colluding to fix prices, the companies could face a fine accounting for up to 10 per cent of annual turnover.