MADRID, April 21 (Reuters) - Spain's antitrust watchdog CNMC said on Tuesday it had closed investigations into BP, Cepsa, now known as Moeve, and Repsol after finding they had not broken antitrust law
Spain's antitrust watchdog shutters probes into BP, Repsol, Moeve
Overview of CNMC's Investigation and Outcome
Background of the Investigation
MADRID, April 21 (Reuters) - Spain's competition watchdog CNMC said on Tuesday it had closed investigations into BP, Repsol and Cepsa - now renamed to Moeve - after finding they had not broken antitrust law.
Allegations and Market Context
CNMC launched the investigations after two sector associations alleged the companies had abused their dominant position and carried out collusive practices to increase their market share through fuel price rises during the Russian invasion of Ukraine.
Company Responses
The three companies declined to comment on the matter.
Reporting Credits
(Reporting by Paolo Laudani; additional reporting by Pietro Lombardi and Stephanie Kelly; Editing by Andrew Heavens and David Latona)
