The UK Competition Authority imposes a £36 million fine on three suppliers of pre-cast concrete drainage products for participating in a cartel (Stanton Bonna Concrete / CPM / FP McCann)

FP McCann Ltd, Stanton Bonna Concrete Ltd ("SBC") and CPM Group Ltd ("CPM") have collectively been fined more than £36 million by the Competition and Markets Authority ("CMA") for participating in an illegal cartel in relation to the supply of concrete drainage products. WHAT YOU NEED TO KNOW - KEY TAKEAWAYS Companies can be fined up to 10% of their group turnover for engaging in conduct which breaches competition rules. It is also a criminal offence in the UK to engage in the most serious and damaging forms of anti-competitive agreements, known as "hard core cartels". These include agreements

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Alexi Dimitriou, The UK Competition Authority imposes a £36 million fine on three suppliers of pre-cast concrete drainage products for participating in a cartel (Stanton Bonna Concrete / CPM / FP McCann), 20 December 2019, e-Competitions December 2019, Art. N° 95724

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