Teams of Greece’s competition authority have been conducting Dawn Raids in the offices of several construction companies in Attica on Wednesday, as part of an investigation into joint ownership arrangements in the construction sector.
The Hellenic Competition Commission said it is “examining the effects which common ownership/common shareholding in companies active in the construction sector might have on the conditions of effective competition in the market.”
“The significant changes that have taken place in the industry in recent years, combined with the tendering of a large number of major projects with European and public funding, it is imperative to have a thorough investigation of the industry,” according to HCC sources.
Greece’s construction industry has been under scrutiny by the HCC for some time, with Authorities raiding the offices of around 10 large construction companies in connection with an earlier probe into possible offences regarding public tenders in 2015.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Chamber of Commerce Sues to Overturn FTC Non-Compete Ban
Apr 24, 2024 by
CPI
FTC Chief Warns of Healthcare Price Fixing Risks Amid Tech Advancements
Apr 24, 2024 by
CPI
Amazon’s Investment in Anthropic Faces Antitrust Scrutiny
Apr 24, 2024 by
CPI
Italian Antitrust Authority Fines Amazon €10 Million for Unfair Trade Practices
Apr 24, 2024 by
CPI
Tuta Mail Raises Alarm Over Google Search Ranking Plunge Amidst DMA Rollout
Apr 24, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI