Cartel Court confirms fine against STRABAG
21 October 2021
- Announcement
Vienna, 21 October 2021---As expected, the Austrian Cartel Court today, Thursday, imposed a fine of € 45.37 million on two STRABAG Group companies, confirming the amount requested by the Federal Competition Authority (BWB).
In July 2021, STRABAG SE announced that group companies STRABAG AG and F. Lang u. K. Menhofer Baugesellschaft m.b.H. & Co. KG had issued an acknowledgement as part of a settlement in the antitrust proceedings against them, upon which the BWB filed an application with the Cartel Court for a fine. The acknowledgement and the full cooperation with the BWB had a correspondingly positive effect on the amount of the fine.