German cartel office imposes pounds 34m fine on RMC
Tuesday 02 November 1999
The German Federal Cartel Office is also believed to have imposed similar fines on up to another 50 concrete companies involved in the investigation.
Six of the companies involved in the investigation into allegations of market sharing were subsidiaries of RMC's main German business, Readymix.
In a brief statement to the London Stock Exchange, RMC said four senior employees working at its subsidiaries also received fines totalling more than pounds 81,000. Three of the workers had already resigned from their jobs as a result of the inquiry, while the fourth remained working at the group's CM subsidiary. None of the workers was named by RMC.
A spokesman for RMC said lawyers for the company were examining a 70- page report prepared by the German officials and considering launching an appeal. "Clearly, it's a disappointment to have a set-back like this and obviously we regret the fines," he said. "We have taken steps so that it will not occur in the German market or any other market again."
RMC has two weeks to appeal against the findings. The inquiry, which began in May, also included major cement companies such as Germany's Dyckerhoff and Holderbank and French group Lafarge.
- 1 Cyclist who knocked down three-year-old girl says his life has been 'destroyed'
- 2 A politically correct lefty goes to see Top Gear live – you'll probably believe what happened next
- 3 Young Preston fan has play-off hero Jermaine Beckford's shirt stolen from him at Wembley - which then appears for sale on Gumtree
- 4 Isis burns woman alive for refusing to engage in 'extreme' sex act, UN says
- 5 Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
As a white man, I'm surprised more women aren't tweeting the hashtag #KillAllWhiteMen
Scotland may have to leave the EU even if it votes to stay in, David Cameron confirms
The day that Britain resigned as a global power
SNP fury as HS2 finds 'no business case' for taking fast train service to Scotland
EU referendum: David Cameron to deny EU migrants and under-18s the chance to vote
A nation of inequality: How the UK is failing to feed its most vulnerable people
iJobs Money & Business
£40-50K: Guru Careers: We are seeking an experienced Software / C# Developer w...
£45,000 - £55,000: Neil Pavier: Are you looking for your next opportunity for ...
£45,000 - £55,000: Sheridan Maine: Are you a newly qualified ACA/ACCA/ACMA qua...
£50,000 - £60,000: Laura Norton: Are you looking for an opportunity within a w...