CNC imposes EUR 1.28m fine on Cementos Portland, Spain

Spanish competition authority CNC has imposed a EUR1.28m fine on cement producer Cementos Portland Valderrivas for submitting incomplete information.

In May 2012, the CNC launched a probe into Cementos Portland over allegedly incorrect information about revenues, volume of products and corporate structure.

Cementos Portland was obliged in January to pay a EUR5.72m fine for participating in a cartel fixing the prices of concrete.

Abstracted from an original article in Expansion.