The UK Competition Authority fines construction suppliers £15M for collusion (Vp plc / M.G.F.)

Construction suppliers fined £15m for breaking competition law* The CMA has fined 2 major suppliers to the construction industry more than £15m for illegally colluding to reduce competition and keep prices up Following an investigation by the Competition and Markets Authority (CMA), 2 UK-based companies who supply groundworks products to some of the nation’s largest construction firms, Vp plc and M.G.F. (Trench Construction Systems) Ltd, have been fined more than £11.2m and £3.7m, respectively. The CMA found that the companies colluded illegally to reduce competition and maintain or increase prices. This involved sharing confidential information on future pricing and commercial strategy. They also coordinated their commercial activities to reduce uncertainty, including monitoring

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Auteur

  • United Kingdom’s Competition Authority - CMA (London)

Citation

UK Competition Authority, The UK Competition Authority fines construction suppliers £15M for collusion (Vp plc / M.G.F.), 17 décembre 2020, e-Competitions December 2020 - II, Art. N° 98410

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