Construction Supplier Cartel Targeted By UK Watchdog
Law360, London (April 9, 2019, 1:12 PM BST) -- The U.K.’s competition watchdog accused three major suppliers to the construction industry on Tuesday of breaking antitrust laws by colluding to keep prices high.
The Competition and Markets Authority said it has provisionally found that the three suppliers of groundworks products — used to prepare building and development sites for construction — “formed a cartel to reduce competition and keep prices up,” in a breach of antitrust law.
The antitrust agency alleges the three companies, all based in the North of England, shared confidential information on pricing and commercial strategy and coordinated their commercial activities. Vp PLC and MGF Trench Construction Systems Ltd....
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