Spain: The Spanish competition watchdog CNMC has carried out inspections at the headquarters of companies that produce cement, concrete and their derivatives.
The cause for the inspections, which were conducted on 16 - 18 September 2014, was suspicions of anticompetitive practices, including division of markets and price fixing agreements. Should suspicions be confirmed, the regulator will initiate disciplinary proceedings on the basis of 'very serious' misconduct, which could result in fines amounting to 10% of the companies' revenue.