Building - Cartel office imposes fines for agreements in industrial construction
The German Federal Cartel Office has imposed fines on 14 construction companies and twelve responsible individuals for illegal collusion in the awarding of industrial construction contracts. The agreements concerned 42 contracts awarded by Hüttenwerke Krupp Mannesmann, 122 contracts awarded by ThyssenKrupp Steel Europe and 14 contracts awarded by Deutsche Edelstahlwerke between 2007 and 2017.
The companies had maintained a system of awarding each other construction contracts for years, explained Andreas Mundt, President of the authorities. The pattern of the agreements was the same in each case: "The companies involved in the respective agreement first agreed in discussions on site or by telephone who should win the contract," said Mundt. The company in question then initially calculated the order for itself. "It then sent the calculations to the other companies involved in the agreement so that they could submit higher sham bids to protect themselves."
The proceedings were triggered by a leniency application from a construction company. The proceedings against this company were discontinued accordingly. According to the Cartel Office, the fines are already legally binding.
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- The construction company that initiated the leniency application avoided facing fines due to their cooperation with the Federal Cartel Office.
- The German construction industry has faced recent scrutiny from the Federal Cartel Office, with 14 companies and 12 individuals receiving fines for anti-competitive practices.
- In a press statement, President Andreas Mundt of the Federal Cartel Office explained that these companies had engaged in illegal collusion for years, manipulating the awarding of construction contracts.
- The fine imposed on ThyssenKrupp Steel Europe, one of the companies involved, is a significant blow to the German steel industry and a warning to all construction companies about the consequences of anti-competitive practices.
- Following an investigation launched by the Federal Cartel Office in Bonn, several high-profile construction companies, including Hüttenwerke Krupp Mannesmann and Deutsche Edelstahlwerke, were found to have breached competition laws by colluding on the awarding of construction contracts.
Source: www.stern.de
