Aktualita
Antimonopoly Office of the Slovak Republic has decided on more than EUR 9 million fine for cartel agreement in the sale of motor vehicles
Content
On 30 November 2018 the Antimonopoly Office of the Slovak Republic, the Division of Cartels, (hereafter "the Office") issued a decision imposing fines in the total amount of EUR 9 386 456 on 15 undertakings for the infringement of the provisions of the Act on the Protection of Competition by concluding a cartel agreement.
The cartel agreement was based on negotiations on prices, market allocation, the exchange of sensitive business information and coordination in the process of public procurement, public tenders or other similar competition. The agreement concerned the sale of passenger cars and light commercial vehicles.
The Office informed about initiating the administrative proceedings in this matter via its press release, which was published in 2016 at https://www.antimon.gov.sk/cartels-the-amo-sr-initiated-the-administrative-proceedings-in-the-matter-of-possible-cartel-agreement-in-the-field-of-sale-of-motor-vehicles/.
The Office´s decision has not yet come into force.
The cartel agreement was based on negotiations on prices, market allocation, the exchange of sensitive business information and coordination in the process of public procurement, public tenders or other similar competition. The agreement concerned the sale of passenger cars and light commercial vehicles.
The Office informed about initiating the administrative proceedings in this matter via its press release, which was published in 2016 at https://www.antimon.gov.sk/cartels-the-amo-sr-initiated-the-administrative-proceedings-in-the-matter-of-possible-cartel-agreement-in-the-field-of-sale-of-motor-vehicles/.
The Office´s decision has not yet come into force.