DistantNews
Support us
BWB: 32 million euro fine requested against Energie AG OÖ Umweltservice

BWB: 32 million euro fine requested against Energie AG OÖ Umweltservice

From Die Presse · () German

Translated from German, summarized and contextualized by DistantNews.

At a glance

News Named sources In the courts
  • Austria's Federal Competition Authority (BWB) has requested a fine of 32 million euros against Energie AG Oberösterreich Umweltservice GmbH (EAGUS).
  • EAGUS, a subsidiary of Energie AG, is accused of participating in price-fixing, market allocation, and information exchange in waste management services across Austria from July 2002 to March 2021.
  • The company cooperated with the BWB and provided an admission, leading to a request for a reduced fine.

Austria's Federal Competition Authority (BWB) has requested a 32 million euro fine against Energie AG Oberösterreich Umweltservice GmbH (EAGUS) for alleged cartel behavior in the waste management sector. EAGUS, a subsidiary of Energie AG, is accused of engaging in illegal price-fixing, market allocation, and the exchange of sensitive competitive information across large parts of Austria between July 2002 and March 2021.

The investigation, which has been ongoing for some time, involved dawn raids at 18 companies in March 2021, with two more companies searched in 2022 following further tips. The BWB seized 60 terabytes of data and over 2,000 pages of paper documents during these searches.

EAGUS has itself a great interest in the identification of past misconduct in order to ensure legal conformity and the prevention of violations in the future.

— EAGUSThe company's statement regarding its cooperation with the investigation and its commitment to future compliance.

EAGUS has cooperated with the BWB and submitted an admission of wrongdoing. The company stated that it has a strong interest in identifying past misconduct to ensure future legal compliance and prevent further violations. This cooperation led the BWB to request a reduced fine from the Cartel Court.

The Cartel Court has already issued several legally binding decisions in this case, which the competition authority views with satisfaction. The ongoing investigations aim to address systemic issues within the waste management industry and ensure fair competition.

The investigations have already led to several legally binding decisions by the Cartel Court.

— BWBThe Federal Competition Authority expressing satisfaction with the progress and outcomes of the investigation.
DistantNews Editorial

Originally published by Die Presse in German. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.