Spain Antitrust Regulator Slaps €35M Fine On Car Rental Cos.

Law360, New York (August 6, 2013, 5:49 PM EDT) -- Spain's antitrust watchdog has fined 17 car rental companies, including Avis Europe Overseas Ltd., and two trade groups more than €35 million ($46.6 million) for conspiring to fix prices and conditions for rentals in much of the country, the agency said Monday.

Spain's National Competition Commission, known as the CNC, handed down the penalties at the end of July almost two years after it first began investigating a leniency filing from Sol Mar Alquiler de Vehiculos SL alerting the agency that companies renting cars were conspiring...
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