Antitrust Authority to settle

The Israeli  Antitrust Authority is about to sign a settlement with leading concrete companies, including Readymix Concrete Products (Israel) Ltd. and Hanson (Israel) Ltd., as well as the Manufacturers Association’s Society of Imported Concrete Manufacturers, to remove them from an indictment for collusion under the Restrictive Trade Practices Law. The draft settlement reportedly imposes restrictions on the concrete companies and the Society of Imported Concrete Manufacturers, which will prevent an indictment.

The Antitrust Authority opened an investigation several years ago against most Israeli concrete companies and the Society of Imported Concrete Manufacturers on suspicion of restraint of trade. The companies involved were Readymix Concrete Products, Hanson (Israel), Kadmany Concrete Ltd., BR Beton (1986), Vered Ready Concrete Industries Ltd., Trans Beton Ltd., Israbeton Concrete Industries Ltd, Kfar Giladi Quarries, Premix Concrete Industries Ltd, Lime & Stone Production Ltd and Solel Boneh Building and Infrastructure Ltd.