NCC and Veidekke accused of cartel activity

It has been reported that 1085 Skanska Asfalt’s Mats Rönnbo has written to Norway’s public road organisation 4697 Statens Vegvesen claiming that 1084 NCC and 3687 Veidekke are operating a price fixing cartel for asphalt.

Rönnbo is understood to have looked into the offers of NCC and Veidekke concluded that they make higher offers where there is no competition and give offers below the cost price on stretches where there is competition from other players. Veidekke and NCC are about to win 75% of the offers for this year's contracts with the public roads administration, representing €175million worth of work.

Statens Vegvesen has forwarded the letter to the Norwegian competition authority 3689 Konkurransetilsynet. Both NCC and Veidekke have denied acting as a cartel.