Chile’s national competition authority Fiscalía Nacional Económica (FNE) is suing Indura (Indura), Linde Gas Chile (Linde) and three unnamed individuals, accusing them of running a cartel in the industrial, medical and specialty gas market.
In a statement, FNE states the irregularities occurred between November 2019 and January 2021. FNE is seeking a $31.2m fine for Indura and $114,000 fine for its general manager.
“The lawsuit indicates that both companies engaged in a market sharing cartel through an agreement not to compete for each other’s customers,” it stated.
This alleged cartel affected industrial and medical customers that use gases for their processes, involving a wide range of sectors, such as metallurgical, pulp and paper production, forestry, construction, aquaculture, food, laboratories, mining, oil refinery, steel, glass manufacturing and hospitals, among others, according to the statement.
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