Spain’s National Commission for Markets and Competition (CNMC) has concluded an investigation against five companies accused of forming a price-fixing cartel in the used car-battery market. The agency carried out raids on the offices of Azor Ambiental SL., Exide Technologies SLU and their parent company, Exide Holding Europe SAS, and Recobat-Recuperación Ecológica de Baterías SL and their parent company, Layro SA between December 15 and 17, 2015, in search of evidence to support their suspicion of price-fixing.
The CNMC’s probe has found “rational indications of forbidden practices” which violate free competition rules upheld by Spanish and European competition laws. The companies have been found guilty of sharing sensitive information with the aim of “ coordinating or aligning their retail prices.”
The investigation into cartels is one of the CNMC’s top priorities. At the moment none of the companies has come forward to apply for the agency’s leniency programme, which allows for sanctions to be waived in exchange for evidence to support an antitrust investigation.
Full Content: Europa Press
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Pushes Review of CoStar’s Commercial Real Estate Antitrust Case
Jan 31, 2024 by
CPI
UK’s CMA Investigates Ardonagh’s Atlanta Group and Markerstudy Merger
Jan 31, 2024 by
CPI
Greenberg Traurig Grow Financial Regulatory and Compliance Practice
Jan 31, 2024 by
CPI
Dutch Regulator Fines Uber €10 Million for Privacy Violations
Jan 31, 2024 by
CPI
DOJ Investigates AI Competition, Eyes Microsoft’s OpenAI Deal: Bloomberg
Jan 31, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – The Rule(s) of Reason
Jan 29, 2024 by
CPI
Evolving the Rule of Reason for Legacy Business Conduct
Jan 29, 2024 by
CPI
The Object Identity
Jan 29, 2024 by
CPI
In Praise of Rules-Based Antitrust
Jan 29, 2024 by
CPI
The Future of State AG Antitrust Enforcement and Federal-State Cooperation
Jan 29, 2024 by
CPI