PolicyPulse.pro

PolicyPulse.pro identifies the news that matters most to your company and helps you understand the business impact.

Austrian Construction Cartel: BWB Seeks €1.7M Fine Against Traunfellner

14.11.2024 | 🇦🇹 Austrian competition authority

The Austrian competition authority is pursuing a €1.7 million fine against Traunfellner for its involvement in cartel activities related to construction projects in Lower Austria.


The Austrian competition authority, BWB, has requested a fine of €1.7 million against Traunfellner for participating in cartel activities such as price-fixing, market allocation, and information exchange with competitors in public and private construction tenders specifically in Lower Austria.

These anti-competitive actions were part of a larger infringement affecting the entire Austrian territory, involving various companies to minimize competition, secure contracts, and maintain market share in both civil engineering and building construction, with a focus on road construction.

Traunfellner, cooperating with BWB outside the leniency program, provided comprehensive information to the competition authority and admitted to the violations, leading to a reduced fine proposal with the involvement of the Federal Cartel Prosecutor.

Consult source

Terms of Service | Refund Policy | Privacy Policy | Coverage

© 2024 PolicyPulse. All rights reserved.

See something you like or don't like? Let us know!