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CADE ruling on cement cartel postponed, but councilor suggests fines of 3.115 billion reais

By Ana Rita Rego* ( January 23, 2014, 03:02 GMT | Insight) -- Several cement manufacturers should face fines of around 3.115 billion reais ($1.311 billion) for fixing prices and carving up the cement market in Brazil for decades, a Brazilian antitrust official said. The hearing held by Brazilian antitrust officials, which lasted 12 hours, was postponed following a request by another official to review the file again. Several cement manufacturers should face fines of around 3.115 billion reais ($1.311 billion) for fixing prices and carving up the cement market in Brazil for decades, a Brazilian antitrust official said in a hearing on Wednesday....

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