Spanish firms to pay fine on northern cartel

A number of Spanish cement companies have been imposed with a fine worth over EUR11.09m by Spanish competition watchdog, CNC, for setting up a cartel in northern Spain.

Cements Portland was ordered to pay a fine of EUR5.72m, followed by Beriain (EUR2.5m), Cetya (EUR1.14m), Vresa (EUR959, 277) and Cemex Espana (EUR502, 283), Cinco Dias reported.