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News Brazilian cement cartel investigation results in US$1.75m fines

Brazilian cement cartel investigation results in US$1.75m fines

Written by Global Cement staff 21 February 2025
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Brazil: The Administrative Council for Economic Defence (CADE) has convicted two individuals for operating a cartel in the Brazilian cement sector and ordered them to pay fines of US$1.75m.

The investigation began in 2016, stemming from a wider probe into a Brazilian cement sector cartel. The individuals exchanged emails and attended meetings to allocate market share and manipulate public procurement prices to restrict competition and entry of new competitors in the market.

Last modified on 26 February 2025
Published in Global Cement News
Tagged under
  • Brazil
  • Cartel
  • Investigation
  • crime
  • Fine
  • Competition
  • Americas
  • GCW698
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