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CNMC closes sanctioning procedure against Naviera Armas after fine payment and company's admission of responsibility
25.03.2024 | 馃嚜馃嚫 Spanish competition authority
The CNMC has concluded a sanctioning procedure against Naviera Armas after the company admitted to breaching commitments made during the acquisition of Trasmediterr谩nea in 2018 and paid a reduced fine.
The Spanish National Commission on Markets and Competition (CNMC) sanctioned Bah铆a de las Isletas, S.L., the parent company of Naviera Armas, for failing to comply with commitments made during the acquisition of Transmediterr谩nea in 2018. This breach constituted a serious violation of Competition Law. The company paid a reduced fine of 450,000 euros out of a total of 750,000 euros after admitting responsibility and making an early payment, in accordance with Article 85.3 of the Law 39/2015. By acknowledging responsibility and paying the fine early, the sanctioning procedure was concluded.
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