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Spanish Competition Authority: Agreed termination for infringement procedure against GALP

( April 11, 2011, 11:13 GMT | Official Statement) -- MLex Summary: The Spanish competition authority, CNC, has terminated an infringement procedure initiated in 2009 against Galp Energia España for an alleged breach of competition rules concerning non-compete clauses its contracts with certain filling stations. Galp has committed to allow stations to terminate their contracts early via an arbitration mechanism to determine the monetary compensation that the early termination gives rise to.The full statement follows (in Spanish):...

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