Spanish competition authority CNMC has announced a new offensive against possible anticompetitive practices in the awarding and execution of major government contracts. In particular, it will focus on investigating large companies suspected of having acted as a cartel, including major figures in Spanish and Latin American industry.
Among the companies identified as allegedly involved in cartel actions are well-known players such as ACS, OHL, Abengoa, Indra, Isolux, Comsa and Sacyr, with a total of 25 companies being investigated overall. The agency will probe allegations of fraud or collusion in the construction and rehabilitation of highways, bridges and high-velocity rail lines, among other infrastructure projects.
The CNMC revealed suspicions of alleged market manipulation by setting commercial terms or exchanging sensitive commercial information. The authority also carried out surprise inspections towards the end of May this year.
Full Content: Cinco Dias
Want more news? Subscribe to CPI’s free daily newsletterr for more headlines and updates on antitrust developments around the world.
Featured News
Amazon Must Face Antitrust Case Over Alleged Monopoly Practices
Jan 2, 2025 by
CPI
US Appeals Court Blocks FCC’s Move to Reinstate Net Neutrality Rules
Jan 2, 2025 by
CPI
Nvidia’s $700 Million Buyout of Run:ai Gets EU Approval, Deal Finalized
Jan 1, 2025 by
CPI
Taiwan FTC Halts Uber’s $950M Foodpanda Buyout Over Antitrust Fears
Jan 1, 2025 by
CPI
White House Pushes for Stronger Healthcare Data Security
Jan 1, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – CRESSE Insights
Dec 19, 2024 by
CPI
Effective Interoperability in Mobile Ecosystems: EU Competition Law Versus Regulation
Dec 19, 2024 by
Giuseppe Colangelo
The Use of Empirical Evidence in Antitrust: Trends, Challenges, and a Path Forward
Dec 19, 2024 by
Eliana Garces
Some Empirical Evidence on the Role of Presumptions and Evidentiary Standards on Antitrust (Under)Enforcement: Is the EC’s New Communication on Art.102 in the Right Direction?
Dec 19, 2024 by
Yannis Katsoulacos
The EC’s Draft Guidelines on the Application of Article 102 TFEU: An Economic Perspective
Dec 19, 2024 by
Benoit Durand