STRABAG SE: Federal Competition Authority requests review of antitrust decision
28 July 2022
- Austrian Federal Competition Authority (BWB) requests review of antitrust decision issued against STRABAG
On 21 October 2021, the Vienna Higher Regional Court (OLG), sitting as the Cartel Court, issued a final decision in the antitrust proceedings against STRABAG AG and F. Lang u. K. Menhofer Baugesellschaft m.b.H & Co. KG. The Federal Competition Authority is now requesting a review of this decision.
The Management Board considers the request to be without merit, as STRABAG cooperated fully and continuously with the Federal Competition Authority under a leniency agreement. STRABAG’s cooperation contributed significantly to the investigation, and it was the first company to end the antitrust proceedings against it with a final decision. Moreover, STRABAG moved to enhance its compliance system in response to the matter and implemented a novel monitoring system.