Slovakian cartel

24 April 2008

Slovakia's council of the Anti-Monopoly Office has fined Skanska SEK 67 million (€ 7,23 million) over its alleged involvement in a price fixing arrangement during the tendering for the country's D1 highway.

Fines have been imposed on all six companies involved in the tendering, in which Skanska was part of a joint venture with a local contractor. The other five companies are Strabag, DopraStav, Mota-Engil, IS, Betamont. Fines imposed range from 1,5 to 2% of each company's turnover in Slovakia in the year in question.

A statement from Skanska said, “Skanska disagrees with the Council's decision and is now considering further legal actions.

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