Basic Search  |  Summaries  |  Advanced SearchPenalty: £0
Year: 2016
Date: 19 December, 2016
Offence Group: competition-related offences
Offence Type: price-fixing or anti-competitive practices
Violation Description: CST Industries agreed to the settlement of a decision by the CMA that the company engaged in a cartel to increase prices of galvanised steel tanks by sharing information to rig bids and fix prices. The other companies involved were Franklin Hodge Industries Ltd., Galglass Ltd., and KW Supplies Ltd. (as its predecessor Kondea Water Supplies Ltd.). CST industries was granted immunity from fines having brought the behaviour to the attention of the CMA and cooperated with the investigation, and Franklin Hodge qualified for a reduced fine for cooperation, under the CMA leniency policy.
Action Type: agency action
Settlement Type: Settlement and Leniency agreement with CMA
Agency: Competition and Markets Authority
Source of Data: (click here)