Spanish watchdog includes Lafarge and Holcim in cartel proceedings

Spanish competition regulator CNMC has included Lafarge and Holcim in the proceedings for alleged cartel agreements brought up against a number of sector players at the end of 2014.

Additionally, the CNMC has extended the proceedings to Materiales y Hormigones and Hormibusa. The move was based on information gathered during several inspections carried out in September for alleged exchange of information, price fixing and market division practices in the cement and concrete sector.

The CNMC is to complete the investigation and produce a resolution within 18 months. (Source: Spanish Collection)