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Murray & Roberts reaches settlement agreement with Comp Com

19th June 2013

By: Idéle Esterhuizen

  

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Construction group Murray & Roberts on Wednesday said it had entered into a settlement agreement with the Competition Commission regarding the commission’s fast-track settlement investigations into historical anticompetitive practices in the construction industry.

The fast-track process was launched in 2011.

The firm indicated that the commission would announce its findings in due course, adding that the company would only announce the settlement amount - which was marginally different from what was provided for by the company - once it received authorisation by the commission to do so.

The commission would refer the settlement to the Competition Tribunal and if the tribunal confirmed it, it would be a full and final settlement of all alleged collusive conduct.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

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