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CARTELS: AMO SR conducted an unannounced inspection at undertakings in the sector of technical, medicinal and special gases

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The Antimonopoly Office of the Slovak Republic, the Division of Cartels, (hereafter "the Office") confirms that on 23 and 24 June 2020 it conducted an unannounced inspection at the business premises of undertakings operating in the sector of technical, medicinal and special gases.

The Office conducted the inspection on the basis of a reasonable suspicion of the possible participation of undertakings operating in the sector of technical, medicinal and special gases in the preparation of an agreement restricting competition, the conclusion of such an agreement or the assistance in its implementation.

As this could be a horizontal agreement between direct competitors, which is one of the most serious infringements of competition rules and is considered as a hardcore cartel, if such an agreement is proved, the undertakings may be fined of up to 10 % of turnover for previous closed accounting period.

The fact that the Office conducted the inspection does not mean that the entities concerned have infringed the competition rules nor does it prejudge the findings of the investigation.

 At this stage, the Office does not provide further information on the investigation.