ZURICH (Reuters) -Swiss competition authority COMCO said on Wednesday it was making preliminary antitrust checks on online property portal Swiss Marketplace Group, which earlier this month announced
Swiss Competition Authority Initiates Preliminary Review of SMG
Overview of COMCO's Investigation
ZURICH (Reuters) -Swiss competition authority COMCO said on Wednesday it was making preliminary antitrust checks on online property portal Swiss Marketplace Group, which earlier this month announced its intention to list on the stock exchange.
Details of the Preliminary Checks
"We can confirm we are investigating whether SMG's offerings on its real estate platforms constitute an improper restriction of competition, and that we are conducting appropriate investigations," COMCO said in a statement, noting that its proceedings were still at an informal stage.
SMG's Response to the Inquiry
SMG said it was in regular contact with COMCO on various matters and that the watchdog had not initiated any formal investigation into the company.
"We are convinced that we are operating within the framework of all relevant regulations," SMG said.
The news on SMG followed a corresponding report by news website Inside Paradeplatz.
(Reporting by Oliver Hirt, Writing by Dave Graham, Editing by Miranda Murray)
