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| Final decision announced in Finnish competition case The Supreme Administrative Court of Finland has announced its decision concerning competition-curtailing collusion in the Finnish asphalt sector. The court increased the fine for the seven companies involved, including Skanska, to EUR 82.5 million or about SEK 840 million, of which Skanska's share amounts to EUR 4.5 million or about SEK 45 million. Approximately SEK 32 million will be charged against Skanska's earnings for the third quarter. According to the decision of the Finnish Market Court in December 2007, Skanska was ordered to pay an administrative fee of about SEK 13 million, which has already been expensed. The new ruling cannot be appealed. The ruling is related to competition-curtailing activities conducted within Skanska Asfaltti Oy during the 1990s. write your comments about the article :: © 2009 Construction News :: home page |