First Gas ordered to pay $3.4m for anti-competitive conduct

Thu, 21 Feb 2019

By Rebecca Howard Feb. 22 (BusinessDesk) - First Gas has been ordered to pay $3.4 million by the High Court after admitting it engaged in anti-competitive conduct when acquiring the Bay of Plenty gas distribution assets of GasNet. “The penalty handed down by the High Court reflects the seriousness of this conduct and is sufficient to ensure that First Gas will not profit from the acquisition," Commerce Commission chairman Mark Berry said in a statement "It is also a reminder to businesses that anti-competitive acquisitions are a priori...

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