The
Competition and Markets Authority has found that three suppliers of groundworks
products to the UK construction industry, Vp plc, M.G.F. (Trench Construction
Systems) Ltd and Mabey Hire Ltd, infringed the Chapter I prohibition and
Article 101 TFEU.
The
CMA fined Vp £11,235,660 and M.G.F. and its parent company MGF Limited
£3,773,910.
This
is the fourth occasion in the last two years that the CMA has imposed fines for
cartelisation in the construction sector.
The
CMA found that the companies shared confidential information on future pricing
and commercial strategy with the objective of reducing competition and
maintaining or increasing prices.
Mabey
Hire Ltd benefited from full immunity from fines under the CMA's Leniency
Programme.
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