Italy Fines 7 Cos. €37M Over Road Barrier Cartel

Law360, New York (October 12, 2012, 4:24 PM EDT) -- Italy's competition authority on Thursday fined seven companies that make road barriers more than €37.3 million ($48.3 million) for using a now-defunct trade group to fix prices and divvy up the market for their product.

The Italian Competition Authority, known by its Italian acronym AGCM, accused the manufacturers of using a consortium called Comast to restrict competition for road and highway barriers and guardrails for nearly half a decade.

The companies facing fines are Industria Meccanica Varricchio SpA, Marcegaglia SpA, Metalmeccanica Fracasso SpA, San Marco SpA...
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