A PYMNTS Company

Spain: CNMC investigates possible highway services cartel

 |  January 2, 2019

The National Commission of Markets and Competition (CNMC) is looking into possible anticompetitive practices in the market for the operation, conservation and maintenance of roads in Spain related to agreements and/or market sharing, as well as exchanges of sensitive information between companies in the sector .

Dawn raids were carried out between the 17th and the 20th of December in the headquarters of several companies that operate in this market. These inspections are part of the investigation opened by the CNMC after having learned of the possible existence of an anti-competitive collusive practice by certain companies in the sector in relation to the manipulation of bids by public administrations.

Inspections are a preliminary step in the investigation process of alleged anti-competitive behavior and do not prejudge the outcome of the investigation or the culpability of the inspected companies. If, as a result, there are indications of practices prohibited by the Law on the Defense of Competition, the formal initiation of disciplinary proceedings will proceed.

Full Content: El Economista

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.