Spain’s National Competition Commission has fined two iron wholesalers’ assocations, the Extremadura Iron Wholesalers’ Association [Asociación de Almacenistas de Hierro de Extremadura (AAHE)] and the Union of Iron Wholesalers of Spain [Unión de Almacenistas de Hierro de España (UAHE)], for collusion and price-fixing.
Upon investigation, the CNC found that the parties fixed the prices of iron and steel products marketed by AAHE members. AAHE and UAHE have been fined 250,000 euros each for violating Article 1 of the 1989 Competition Act and Article 101 of the Treaty on the Functioning of the European Union.
Full content: Comision Nacional de la Competencia
Related content: The New Spanish Competition System
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 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