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Brazil's CADE recommends cartel probe of eight construction firms over Rio project

By Henrique Santiago ( December 5, 2024, 22:09 GMT | Insight) -- Carioca Christiani-Nielsen, Camargo Corrêa, Andrade Gutierrez, Delta, Norberto Odebrecht, OAS, Queiroz Galvão, and Oriente must be investigated for anticompetitive practices regarding the construction of the Arco do Rio project, according to Brazil’s national authority. The regulator’s investigative arm has also included 22 executives in the probe.The Brazilian competition authority’s Superintendence has recommended opening an administrative process against eight major construction firms and 22 individuals involved in a bid-rigging cartel concerning the construction market in the state of Rio de Janeiro....

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