Insurance companies fined for cartel operation
in Business · 09-08-2019 01:00:00 · 0 Comments
Portugal’s competition authority (AdC) has completed an investigation and concluded that there was a cartel in the insurance sector, fining two companies
Both Lusitania and Zurich insurance companies have been fined along with two board directors and two department directors to the sum of €42 million.
A further €12 million has already been paid by two other companies, Fidelidade and Multicare, under the same process.
