The Hungarian Competition Authority imposes fines on eight ready-mix concrete manufacturers in Budapest and on the Hungarian Concrete Association for engaging in a price fixing agreement (Betonpartner)

2.7 billion fine on several ready-mix concrete manufacturers in Budapest* The Gazdasági Versenyhivatal (GVH – the Hungarian Competition Authority) in its decision on 30 June 2014 imposed a total fine of 2 790 200 000 HUF (9 300 000 EUR) on eight ready-mix concrete manufacturers in Budapest and on the Hungarian Concrete Association, because between 2005 and 2007 they, divided among them orders on ready-mix concrete exceeding the amount of 1000 m3 in the area of Budapest by a previously agreed quota , and they also fixed the price level of ready-mix concrete, thus engaging in a single, continuous and complex infringement. Based upon the – mostly documentary – evidence at its disposal (charts, journal entries and other records made at meetings), the GVH established that in

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Hungarian Competition Authority, The Hungarian Competition Authority imposes fines on eight ready-mix concrete manufacturers in Budapest and on the Hungarian Concrete Association for engaging in a price fixing agreement (Betonpartner), 8 July 2014, e-Competitions Bulletin July 2014, Art. N° 67669

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