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Dec 20, 2022 14:12 EEST
December 20 (SeeNews) - Romania's anti-trust authority, the Competition Council, said that it fined eight companies active in the healthcare and work safety fields a total of 4.88 million lei ($1 million/992,350 euro) for coordinated market behaviour which was not compliant with a regular competitive environment.
The companies used to exchange sensitive information with the purpose of increasing their profit margins, the Competition Council said in a press release on Monday. Also, the eight companies used to coordinate their prices at private auctions hosted by some clients.
The companies fined by the anti-trust body are - Renania Trade, Avanti, Tricomexim, T&T Invest, Mariad Serv, Litind, Dalgeco Confectii Textile and Lingemann Beschaffungssysteme.
Due to their collaboration with the Competition Council and significant contribution to the investigation, Renania, Avanti, Dalgeco and T&T received reductions of their fines.
The products which were subject to anti-competitive agreements included clothing, footwear, medical masks, devices for purification air and autonomous breathing and medical visors.
Renania Trade, a Romanian distributor of medical apparel, received the highest fine, amounting to 2.5 million lei.
According to data from the finance ministry's website, the company booked a turnover of 146.3 million lei in 2021 and a net profit of 15.1 million lei.
(1 euro=4.9176 lei)
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