Asphalt cartel issue
District court´s decision on claims for damages on 28 November 2013.
- Release on 28 November 2013: Lemminkäinen to pay damages at most worth 34 million euros in capital
- Release on 28 November 2013: Damages related to the asphalt cartel make Lemminkäinen´s 2013 result clearly negative
- Release on 2 December 2013: Lemminkäinen´s share of damages related to the asphalt cartel specified to approximately EUR 48 million with interest and expenses
Summary of events
|2013||The District Court´s decision on claims for damages.||28 November 2013.
2 December 2013
|2013||The District Court announces that it will announce its decisions on 28 November 2013.||8 October 2013|
|2012||Handling of claims for damages: Preparatory sessions for the trial begin in January 2012. The main proceedings will begin in September 2012 and are preliminarily planned to continue until April 2013. The ruling schedule is currently not yet available.|
|2009||Supreme Administrative Court decision: asphalt industry companies are ordered to pay an infringement fine totalling EUR 82.6 million for violating the Act on Competition Restrictions. In accordance with the Finnish Competition Authority’s proposal, the infringement fine imposed on Lemminkäinen totals EUR 68 million. Lemminkäinen expenses EUR 54 million for Q3 of the year.|
|2007||Lemminkäinen appeals to the Supreme Administrative Court against a Market Court decision.||19 December 2007|
|2007||Market Court decision: Asphalt industry companies are ordered to pay EUR 19.4 million in infringement fines, of which Lemminkäinen’s share is 14 million. Lemminkäinen expenses EUR 14 million for Q4 of the year.||19 December 2007|
|2004||The Finnish Competition Authority proposes that an infringement fine be imposed on seven asphalt industry companies and the Finnish Asphalt Association for violations against competition legislation in the suspected asphalt cartel matter. The Finnish Competition Authority proposes an infringement fine of EUR 68 million on Lemminkäinen.|
|2003||In June 2003, the Finnish Competition Authority submits a draft proposal to Lemminkäinen regarding a suspected asphalt industry cartel. In the draft proposal, the Finnish Competition Authority suspects that a nationwide cartel would have been operative in the asphalt industry in 1995-2002, with all significant industry actors participating.|
Updated 2 December 2013