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Construction companies fined for collusion on Sabesp contract

By Ana Rita Rego and Carolina Guerra ( April 8, 2015, 21:02 GMT | Insight) -- Brazilian construction companies Saenge Engenharia de Saneamento e Edificações and Concic Construções Especiais face fines of 18 million reais ($5.7 million) and 605,000 reais ($193,000), respectively, for colluding on a contract bid for São Paulo’s water and waste management company Sabesp.Brazilian construction companies Saenge Engenharia de Saneamento e Edificações and Concic Construções Especiais face fines of 18 million reais ($5.7 million) and 605,000 reais ($193,000), respectively, for colluding on a contract bid for São Paulo’s water and waste management company Sabesp....

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