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Warsaw energy-market collusion triggers Poland's first antitrust penalty on manager

( December 7, 2020, 09:35 GMT | Official Statement) -- MLex Summary: Companies belonging to the Veolia Polska group have been fined almost 120 million złoty (around $32.5 million) by the national competition authority for market allocation and for price- and tender-fixing between 2014 and 2017. The practice resulted in higher heating prices in Warsaw, UOKiK said today, adding that it's the first time a manager directly responsible for breaching antitrust rules has been fined for such conduct. Jacky Lacombe, who was the president of Veolia Energia Warszawa's management board when the collusion took place, was fined 200,000 złoty for the conduct. Another company, PGNiG, avoided a fine of 500 million złoty because it blew the whistle on the cartel, UOKiK said.Statement follows. ...

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