Morocco’s competition council delivers its first sanction against Swiss Sika Ag
Morocco’s competition council fined Switzerland’s Sika Ag for its non-compliance with local competition law, the first sanction delivered by the regulator since its creation.
Sika Ag had acquired Dry Mix Solutions, both operating in the manufacturing of construction material, without informing or getting approval from the Moroccan competition council in advance.
The fine stood at 11,670,215 million dirhams, or $1.1 million, the council said, adding that Sika Ag had accepted to pay it to the treasury.
Morocco’s competition council came under the spotlight in recent years amid demand to reinvigorate it as a watchdog of fair competition.