Buzzi Unicem has been fined almost €59.8 million by the Italian Antitrust Authority over allegations of price fixing in the Italian cement market.
The fine covers the period 1 June 2011 and 1 January 2016, during with the authority claims Buzzi Unicem collaborated with other Italian cement makers to coordinate price rises and maintain the stability of market shares.
“Buzzi Unicem believes that the authorities alleged charges are unfounded both in fact and in law and is firmly convinced that it has acted in full compliance with antitrust legislation,” the company said in a statement.
The company added that it intended to launch a legal challenge to the decision “to prove the absence of any anti-competitive profile alleged against us.”
Read the article online at: https://www.worldcement.com/europe-cis/10082017/buzzi-unicem-fined-by-competition-authority/