OFT investigation of anti-com
OFT Investigation of anti-competitive practices in the construction industry
Carillion notes the announcement today by The Office of Fair Trading ('OFT') of its Decision that Carillion JM Limited, formerly Mowlem plc ('Mowlem'), infringed the Competition Act 1998 in relation to certain tender activities in the construction sector. The OFT has imposed an aggregate fine of just under £5.4 million upon Mowlem in respect of this infringement. In recognition of Carillion's cooperation with the investigation, the OFT has granted leniency to Mowlem.
The OFT's enquiries in relation to Mowlem related to certain matters that arose prior to Carillion's acquisition of the company and the Decision does not involve any other business within the Carillion group.
Carillion announced in March 2006 that the OFT had visited two Mowlem offices a few days after Carillion had acquired Mowlem on 12 February 2006, and that it would fully co-operate with the OFT's investigation. Immediately following the acquisition of Mowlem, Carillion took steps to apply its own procedures within Mowlem to ensure that Mowlem complied with the requirements of the Competition Act 1998, to which Carillion attaches the highest importance.
For further information contact
John Denning Director Group Corporate Affairs +44 (0)1902 316384
This information is provided by RNS
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