Spain Issues €14M Fines In Polyurethane Foam Cartel Probe

Law360, New York (March 7, 2013, 1:28 PM EST) -- Spain's competition regulator has slapped several makers of polyurethane foam and an industry group with fines of nearly €14 million ($18.2 million) after finding that the companies took part in a cartel, the watchdog said Wednesday.

The Spanish National Competition Commission, or CNC, found that nine companies in the polyurethane foam industry, as well as the trade group, had participated in a long-running price-fixing scheme that violated the country's competition law.

“The CNC Council has taken the view that the companies against which the proceedings were...
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