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| Skanska disagrees with court's Asphalt case evaluation The District Court of Stockholm has issued its decision in the Asphalt case in Sweden. According to the decision, fines have been imposed on all seven companies involved in the court case. For Skanska, a fine of SEK 170 M has been imposed and the company will therefore take a charge of that same amount in the second quarter 2007. The background of the case is that the Swedish Competition Authority in 2003 took legal action against seven companies, including NCC, Peab, Skanska and the Swedish Road Administration, for alleged illegal cooperation and tendering cartels within the Swedish asphalt industry. In brief, the authority has alleged that Skanska to a varying degree and in conjunction with the remaining co-defendants participated in an extensive cartel pertaining to the production and laying of asphalt in certain parts of Sweden during the period July 1993 to October 2001. Skanska has disputed the claim. Skanska said that the court has imposed a significantly lower amount than claimed by the Swedish Competition Authority. However, Skanska strongly disagrees with the court's evaluation and will most likely appeal the case to the Swedish Market Court. write your comments about the article :: © 2007 Construction News :: home page |