Italy scraps 'cartel' fines

An Italian court has cancelled fines imposed on four ro-ro companies for alleged price-fixing activities.

The Lazio regional administrative court scrapped a penalty of EUR 5.4m ($7.5m) for Moby Lines, EUR 2.3m for Grandi Navi Veloci (GNV), another EUR 230,000 for SNAV and EUR 40,000 for Marinvest, SeeNews said.

The Italian competition watchdog fined the four companies in June 2013, alleging they had colluded on passenger transportation tariffs in the summer of 2011, imposing similar price hikes.

Moby's chairman Vincenzo Onorato preferred not to comment on Wednesday's court ruling, while GNV chairman Roberto Martinoli told Italian daily MF-Milano Finanza that justice was done.