Italy’s Competition Watchdog Slaps €70 Million Fine on Foundries & Trade Group Over Two-Decade Price Cartel
Italy’s antitrust authority has drawn a hard line under what it describes as one of the most serious competition law breaches ever uncovered in the country’s industrial sector, fining 16 iron foundries and their trade association, Assofond, a combined €70 million for running a covert price-coordination scheme that spanned two decades.
