Italcementi receives notice of fine
Published by Rebecca Bowden,
Assistant Editor
World Cement,
Italcementi SpA, HeidelbergCement’s Italian subsidiary, has received notice of a fine decision of the Italian Competition Authority in an antitrust investigation, mainly relating to alleged market coordination in the Italian grey cement markets, including concerted price increases.
The fine amounts to €84 million. The alleged infringements relate to the period from June 2011 to January 2016, when Italcementi did not belong to HeidelbergCement Group. HeidelbergCement has precautionary informed the former controlling shareholder of Italcementi SpA, as the Share Purchase Agreement includes customary protection against such risks.
Italcementi will lodge an appeal against the Authority’s decision and the relevant fine, as Italcementi believes that the Authority’s alleged charges are unfounded, both in fact and in law, and is firmly convinced that it has acted in full compliance with antitrust legislation.
Read the article online at: https://www.worldcement.com/europe-cis/08082017/italcementi-receives-notice-of-fine/
You might also like
The World Cement Podcast
In this special joint episode of the World Cement Podcast, and Cementing Europe’s future, the podcast of CEMBUREAU, David Bizley and Koen Coppenholle take a deep dive into the Clean Industrial Deal and a discussion of what it means for the European cement industry.
Listen for free today at www.worldcement.com/podcasts or subscribe and review on your favourite podcast app.
Amrize debuts as independent, publicly traded company
Amrize announces its debut today as an independent, publicly traded company with the completion of its 100% spin-off from Holcim.
