CRH said today it was planning to appeal a decision by authorities in Poland to impose a €25.6 million on its Polish subsidiary after regulators said it had been involved in anti-competitive practices.
The company said it had been contacted by the Polish Office for Competition and Consumer Protection (OCCP) to inform it that subsidiary Grupa Ożarów was one of seven companies identified in an investigation into the Polish cement industry that had been ongoing since 2006.
"The conclusions of the OCCP are a matter of serious concern for CRH," the company said in a statement. "CRH always understood that Grupa Ożarów conducted an independent commercial policy in the Polish cement industry. This has been verified by analysis undertaken, at the request of CRH, by leading Polish economic experts."
The company said it planned to appeal, on the basis of advice it had received.
It said it would not comment further pending its decision.
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