EU Puts Cement Makers In Cartel Crosshairs

Law360, New York (December 10, 2010, 2:23 PM EST) -- The European Commission opened a formal investigation Friday into possible cement price-fixing across Europe by eight companies, including Mexico's Cemex SAB de CV, Germany's HeidelbergCement AG, Switzerland's Holcim Ltd. and others.

The commission said it was looking into possible import/export restrictions, market sharing and price coordination in the cement and related markets in Austria, Belgium, the Czech Republic, France, Germany, Italy, Luxembourg, the Netherlands, Spain and the United Kingdom.

"The initiation of proceedings does not imply that the Commission has conclusive proof of an infringement," the...
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