Belgium: appeal court overturns competition watchdog fines

Holcim, CBR, CCB and Febelcem, the Belgian cement association, have seen the competition watchdog’s judgment to pay a EUR14.7m fine overturned by the Belgian Court of Appeal.

The competition authority fined the cement majors and the association for the alleged formation of a cartel to reduce competition in the domestic market, but the Court of Appeal found that such illegal practices did not occur.