Colombian high court confirms parallel pricing fine

Malina McLennan

22 June 2018

Colombian high court confirms parallel pricing fine

Credit: iStock/BanksPhotos

Colombia’s Council of State last week confirmed more than 1 billion pesos (€309,500) in total fines against Cemex and its lawyer, dismissing the company’s appeal against a decision that it had colluded to maintain parallel prices with two other cement companies.