Lafarge faces antitrust investigation by Romanian regulators

Lafarge faces antitrust investigation by Romanian regulators
26 May 2009

Lafarge is under investigation by the Romanian competition regulator for abusing its market power in violation of the country’s antitrust rules.

The Competition Council raided Lafarge facilities in Romania and opened the probe last week, a spokeswoman said by phone from Bucharest today. She declined to be cited by name, based on agency rules.

“Documents and declarations taken during the inspections are being analyzed,” the Romanian regulator said in a statement on its Web site.

While Eastern Europe accounted for 8.2 percent of Lafarge’s total revenue in 2008, European construction output last year fell the most since 1995 as the global economic slowdown curbed building of offices, shops and houses. Lafarge already faces a price-fixing investigation by the European Commission in Brussels and countries including France and Germany.

Source: Bloomberg
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