Friday 23 March 2018

CRH sues competition tsars over raid

Irish Cement is a subsidiary of CRH, Ireland's largest company
Irish Cement is a subsidiary of CRH, Ireland's largest company
Gavin McLoughlin

Gavin McLoughlin

Ireland's biggest company CRH is suing the Competition and Consumer Protection Commission (CCPC).

The proceedings relate to a "dawn raid" carried out on CRH subsidiary Irish Cement earlier this year. Affidavits were filed last Tuesday, according to the Courts Service website.

The raid, conducted in May, related to an alleged abuse of a dominant position by Irish Cement, which said afterward that it "operates to the highest business standards across all elements of its operations and is confident that it has no issue in relation to competitive practice".

In a statement to the Sunday Independent, CRH alleged that documents unrelated to Irish Cement and outside the scope of the investigation had been taken from the premises during the raid. It said it was seeking to have these documents returned. "Irish Cement fully facilitated the inspection and is continuing to co-operate fully," the statement said.

The CCPC said it would defend the case fully and that it "believes that all of the material seized at the premises of Irish Cement during the inspection was seized in accordance with the terms of the relevant search warrant and in the lawful exercise of the Commission's powers."

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