The Italian Competition Authority to target a cartel in the cement industry in the region of Venice
By the decision of 7
May 2014 in the case I780 Mercato del Calcestruzzo in Veneto
the Italian Competition Authority (ICA) has opened an cartel
investigation against seven producers and a consultancy firm. These
firms were alleged to have entered into two anticompetitive
agreements in the market for the production and sale of cement in the
Region of Veneto, one in the coastal area of the province of Venice
and the other in the alpine province of Belluno. Apparently, they
parties agreed to coordinate their pricing policies and apportion
market shares; they also put in practice mechanisms for the exchange
of sensitive data and for monitoring the conducts of cartelists and
punishing those who deviated from collusion. The role of the
consultancy firms was to organize the information exchange.
Comments