The CMA has announced the findings from its review into historic behaviour within the UK groundworks industry. This review included part of Vp’s excavation support systems business (Groundforce Shorco). The CMA’s provisional findings were announced in April 2019. The CMA has imposed a fine of £11.2m on Vp. This is lower than the £15.4m provision Vp has already recognised as management’s prudent estimate of a potential fine. Vp has released an RNS indicating that it fundamentally disagrees with t ....
17 Dec 2020
Findings of CMA review
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Findings of CMA review
Vp plc (VP:LON) | 555 -27.8 (-0.9%) | Mkt Cap: 222.9m
- Published:
17 Dec 2020 -
Author:
James Tetley -
Pages:
3
The CMA has announced the findings from its review into historic behaviour within the UK groundworks industry. This review included part of Vp’s excavation support systems business (Groundforce Shorco). The CMA’s provisional findings were announced in April 2019. The CMA has imposed a fine of £11.2m on Vp. This is lower than the £15.4m provision Vp has already recognised as management’s prudent estimate of a potential fine. Vp has released an RNS indicating that it fundamentally disagrees with t ....