Construction firm
suppliers settle cartel investigation by CMA
The
Competition and Markets Authority has issued a statement of objections in its
investigation into suspected cartel activity in the supply of precast concrete drainage
products to the construction industry in violation of the Chapter I prohibition
and Article 101 TFEU.
The
CMA's statement of objections is addressed to: Stanton Bonna Concrete Limited
and its parent companies Bonna Sabla SA, Consolis Finance SAS; Consolis SAS,
and Consolis Group SAS; CPM Group Limited; and FP McCann Limited.
Stanton
Bonna Concrete Limited and CPM Group Limited have admitted their participation
in a seven year cartel which started in 2006 and have agreed to pay fines which
will be determined at the end of the CMA’s investigation. FP McCann Limited is still under
investigation and has not made any admissions.
The
CMA maintains that throughout the period of the alleged cartel activity the
participants were leading players and from 2010 accounted for 90% of the market.
The
CMA will consider representations on the statement of objections before March
2019.
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