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Commission refers settlement with Sonae Arauco to tribunal for confirmation

3rd June 2019

By: Marleny Arnoldi

Deputy Editor Online

     

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The Competition Commission has referred a consent settlement agreement between itself and wood-based panel manufacturer Sonae Arauco to the Competition Tribunal for confirmation.

The commission on Monday said Sonae had admitted to price fixing and collusive conduct in the wood-based commodity industry and agreed to pay a fine of nearly R47-million.

 

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Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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