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Competition Council fines three construction supplies retailers EUR 5.78 million
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    Competition Council fines three construction supplies retailers EUR 5.78 million

    RIGA, Oct 12 (LETA) - The Competition Council has fined construction supplies retailers Depo DIY, Kesko Senukai Latvia and Tirdzniecibas Nams Kursi a total of EUR 5.78 million for running a cartel, the Competition Council's representative Toms Noviks told LETA.

    Of this amount, Depo will have to pay a fine of EUR 3,718,323, Tirdzniecibas Nams Kursi - EUR 1,145,077 and Kesko Senukai Latvia - EUR 920,618 fine.

    Before that, the Competition Council settled its dispute with building materials producers Knauf and Norgips, and home improvement store Kruza, as the three companies agreed to pay a fine of EUR 1.6 million.

    According to the Competition Council, the companies involved in the scheme had been harmonizing prices for Knauf and Norgips products they were selling.

    The Competition Council's conclusions are based on thorough analysis of the companies' emails.

    • Published: 12.10.2017 11:54
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