Brazilian Watchdog Accuses Cement Cos. Of Running Cartel

Law360, New York (November 10, 2011, 3:11 PM EST) -- The Antitrust Division of the Brazilian Ministry of Justice on Thursday said that six domestic cement producers have engaged in anti-competitive practices and called on the country’s Administrative Council for Economic Defense to hold the cementers accountable for the formation of a cartel.

The Secretariat for Economic Law, or SDE, names as alleged conspirators Holcim do Brasil SA, Votorantim Cimentos SA, Camargo Correa Cimentos SA, Cimpor Cimentos do Brasil Ltda., Itabira Agro Industrial SA and Companhia de Cimento Itambe, as well as the Brazilian Association of...
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