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CRH subsidiaries face €98m Swiss fine

1 Jun 14 Three subsidiaries of CRH are among Swiss suppliers of bathroom fittings facing fines in relation to alleged infringement of competition law.

Switzerland’s Competition Commission plans to impose the sanctions on the Association of Swiss Wholesalers of the Sanitary Industry and all other major Swiss wholesalers, including CRH’s subsidiaries, regarding a  pending investigation into the bathroom fixtures and fittings industry. The commission has invited the three subsidiaries - BR Bauhandel AG, Gétaz-Miauton SA and Regusci Reco SA - to comment on a proposal to impose sanctions.

The secretariat alleges competition law infringements and proposes a total fine of approximately CHF283m (€232m) on all parties, of which approximately €98m (£82m) is attributable to CRH’s Swiss subsidiaries, based on Swiss turnover.

CRH believes that the position of the secretariat is fundamentally ill-founded and views the proposed fine as unjustified. The group intends to respond to this effect in its comments to the secretariat. The decision of the Competition Commission on this matter, which is likely to be communicated by the end of 2014 or early 2015, can be appealed to the Federal Administrative Tribunal, and ultimately to the Federal Supreme Court.

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