CRH likely to appeal €32m Swiss price-fixing fine

CRH is expected to appeal a decision by Switzerland’s competition commission to fine it €32m for alleged price-fixing.

The long-running probe into pricing levels by bathroom fittings suppliers, in the country, yesterday resulted in fines of €270m being imposed on various members of the Association of Swiss Wholesalers of the Sanitary Industry — of which three CRH subsidiaries are members.

The basis of the commission’s findings are not expected to be published for another four months, but when they are, CRH will have the option to appeal the decision.