Posted in | News

Fine Related to Competition-Curtailing activities at Skanska Asfaltti Oy

The Supreme Administrative Court of Finland has announced its decision concerning competition-curtailing collusion in the Finnish asphalt sector.

The court increased the fine for the seven companies involved, including Skanska, to EUR 82.5 million or about SEK 840 million, of which Skanska’s share amounts to EUR 4.5 million or about SEK 45 million.

Approximately SEK 32 million will be charged against Skanska’s earnings for the third quarter. According to the decision of the Finnish Market Court in December 2007, Skanska was ordered to pay an administrative fee of about SEK 13 million, which has already been expensed. The new ruling cannot be appealed.

The ruling is related to competition-curtailing activities conducted within Skanska Asfaltti Oy during the 1990s.

Skanska is opposed to all forms of unethical actions. Since 2002, when Skanska adopted a global Code of Conduct, thousands of employees and all new recruits have received training in Skanska’s Code of Conduct.

Source:  http://www.skanska.com/

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.