UK competition authorities fine groundworks companies khl.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khl.com Daily Mail and Mail on Sunday newspapers.
The competition watchdog has fined two major suppliers to some of Britain s biggest building firms more than £15million for colluding to reduce competition and keep prices up.
Vp Group and MGF (Trench Construction Systems), which supply excavation groundworks products, have been slapped with fines of £11.2million and £3.8million respectively.
The Competition Markets Authority said the two companies colluded illegally to reduce competition and maintain or increase prices for a period totalling almost two years, between 2011 and 2016.
Vp Group and MGF (Trench Construction Systems) supply excavation groundworks products
It said they did so by sharing confidential information on future pricing and commercial strategy.