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GVH launches procedure over suspected cartel activity

Analysis

Hungary’s competition office GVH today said it had launched an oversight procedure yesterday against seven companies over suspected cartel activity on the market for used lead-acid batteries, and reportedly began on-site inspections without preliminary notice at the companies in question, Hungarian news agency MTI reported today.

GVH said it found that these companies had conducted consultations beginning in 2013 in order to divide the domestic market for the collection of used lead-acid batteries, allegedly violating the provisions of the competition act and the European Union Treaty banning cartel activity. 

GVH noted that the launch of the procedure does not constitute a declaration that the companies have committed the suspected infringement. Under the law, GVH has six months to conduct the procedure, which can be extended on two occasions by another six months each time

The companies concerned are Alcufe Ipari Kereskedelmi és Szolgáltató, FE-Group Invest Vagyonkezelő, Tanácsadó és Nagykereskedelmi, Jász-Plasztik, Észak-dunántúli MEH Nyersanyag-hasznosító, Észak-magyarországi MEH Nyersanyaghasznosító, Akkucity Akkumulátor és Akkumulátorhulladék Kereskedelmi and Ventum Kereskedelmi és Szolgáltató.

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