Carter Holt, Fletcher Building fixed prices for timber in Auckland market, regulator says

Fri, 20 Dec 2013

By Tina Morrison Dec. 20 (BusinessDesk) –Carter Holt Harvey, owned by Graeme Hart’s Rank Group, and Fletcher Building, the country’s biggest listed company, admitted to the Commerce Commission that they agreed to fix prices for structural timber for some commercial customers in Auckland in late 2012 and early 2013. The Wellington-based anti-trust regulator today filed proceedings in the High Court against Carter Holt and its manager Dean Dodds and is awaiting a penalty hearing, it said in a statement. They cooperated with the investigation a...

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