Three companies accept penalty notices in new demolition cartel cases
In what is yet another development in the multiple cases about cartels in the demolition industry, three demolition companies have accepted penalties totalling DKK 6.4 million. Also, three senior employees of two of the companies have agreed to be fined DKK 125,000 each for their part in the infringements.
By senior intern Martin Lars Mols Jensen
The competition authorities learned about the cartels in the demolition industry in 2015. The authorities found that companies in the industry had engaged in bid rigging and illegal exchange of prices in the period from May 2011 to October 2013. Judgments have already been delivered in some of the cases; in October 2018, in December 2018 and in January 2019 (including in an appeal against the October 2018 decision), in March 2019 and, most recently, in April 2019.
The new cases
The three companies all accepted the penalty notices presented by the Danish State Prosecutor for Serious Economic and International Crime: G. Tscherning A/S accepted a penalty of DKK 5.9 million for having, from April 2012 to August 2013, illegally exchanged price information with competitors on 12 occasions. Villy C. Petersen Entreprise A/S accepted a penalty of DKK 400,000 for having similarly, from January 2012 to August 2013, illegally exchanged price information with competitors on four occasions. Likewise, Brandis A/S accepted a penalty of DKK 100,000 for having, from June 2012 to October 2013, illegally exchanged price information with competitors.
One senior employee of G. Tscherning A/S and two of Villy C. Petersen Entreprise A/S agreed to pay personal fines of DKK 125,000 each.
See the penalty notices here:
Read the Competition and Consumer Authority’s press release