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Federal court in Brasília suspends Itabira's fine in cement cartel case

By Carolina Guerra ( July 29, 2016, 22:03 GMT | Insight) -- A federal court in Brasília has suspended a fine imposed by the Brazilian antitrust authority on cement maker Itabira Agro Industrial while a final decision about the company’s challenge to a cartel fine is pending, MLex has learned. In May 2014, the regulator fined Itabira 411.6 million reais ($173.4 million at the time) after concluding that the company took part in a collusion scheme with rivals.A federal court in Brasília has suspended a fine imposed by the Brazilian antitrust authority on cement maker Itabira Agro Industrial while a final decision about the company’s challenge to a cartel fine is pending, MLex has learned....

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