Hungary Ipari, Kereskedelmi és Szolgáltató Kft.
The undertakings concerned violated competition law
in the form of a single, complex, continuous infringement, by sharing
their wholesalers, determining minimum prices applicable towards their
wholesalers, and sharing the sales of pipes and fitting products among themselves.
The GVH established
that the undertakings concluded market sharing and price fixing agreements
and it imposed a total fine of more than 725 million HUF (approx. 2.3 million