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14.11.2024 | 🇦🇹 Austrian competition authority
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.
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