Italcementi Wins in ICA Dispute

Cleary Gottlieb represented Italcementi in proceedings for the annulment of the fine that the Italian Competition Authority (ICA) imposed on Italcementi and the main cement companies in relation to an alleged agreement restricting competition contrary to Article 101 TFEU.

In a judgment on December 31, 2018, the Council of State upheld the appeal in part and recalculated the fine imposed on the company, reducing it from €84.05 million to €27.88 million.