The Hellenic Competition Authority imposes €80 million fines on several groups for collusive tendering in high value public infrastructure projects in the construction sector (Technical Olympic)

Settlement of the bid-rigging cartel for high value tenders (HCC 642/2017) In August 2018, the HCC announced the imposition of hefty fines amounting to more than € 80 million on several construction groups, for collusive tendering in high value public infrastructure projects, following the successful conclusion of lengthy settlement talks with part of the involved companies. It successfully applied its leniency program and operated for the first time a settlement procedure through bilateral meetings with each interested party, avoiding a crowded, lengthy, and unpredictable hearing procedure. Settlement also led to the imposition of a € 38.5 million fine, namely the largest

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  • Kyriakides Georgopoulos Law Firm (Athens)

Quotation

Anastasia Dritsa, The Hellenic Competition Authority imposes €80 million fines on several groups for collusive tendering in high value public infrastructure projects in the construction sector (Technical Olympic), 10 March 2017, e-Competitions April 2017, Art. N° 99444

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