Spanish Antitrust Watchdog Fines Asphalt Makers €16M

Law360, New York (November 7, 2011, 5:54 PM EST) -- Spain's competition regulator has hit a dozen asphalt companies with fines totaling €16 million ($21.9 million) over accusations that the group conspired to fix prices in the Spanish provinces of Leon and Burgos and in the Basque region, the watchdog announced Thursday.

Spain's Competition Commission, or CNC, said Thursday that it had uncovered proof that a "very serious breach" of Spain's Competition Act had been committed by the asphalt makers, who allegedly schemed to rig bids and raise the prices paid for asphalt provided for public...
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