Basic Search  |  Summaries  |  Advanced SearchPenalty: £130,000
Year: 2019
Date: 15 February, 2019
Offence Group: competition-related offences
Offence Type: price-fixing or anti-competitive practices
Violation Description: Balmoral was ordered to pay a fine of £130,000 in judgment of a decision by the CMA that the company engaged in unlawful information exchange by discussing pricing intentions of its galvanised steel tanks at a meeting in which it was invited to join a cartel arrangement. The company refused to join the cartel, and appealed the penalty to the Tribunal and Court of Appeal.
Action Type: agency action
Agency: Competition and Markets Authority
Source of Data: (click here)