Economy - Prohibited agreements in industrial construction: fines imposed
The German Federal Cartel Office has imposed fines on 14 construction companies and 12 responsible persons for illegal agreements in the awarding of industrial construction contracts. According to the authority, 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. Fines and so-called liability amounts totaling around 4.8 million euros were imposed. "Liability amounts - unlike fines - are not associated with an accusation of a regulatory offense," the statement said on Thursday.
The companies had maintained a system of awarding construction contracts to each other for years, explained Andreas Mundt, President of the authorities. The pattern of the agreements was the same: "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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Source: www.stern.de
