Rotten Company

AVAX S.A.

Approved Evidence

Added to Rotten Company: 8/31/2026
Conduct/Event period: 2005–2012
Ongoing: No
Resolution status: Resolved
Resolution date: March 10, 2017
misconduct

Hellenic Competition Commission fined J&P-AVAX €18.3 million for public-works bid rigging

Summary

In Decision 642/2017, adopted under the settlement procedure, the Hellenic Competition Commission found that J&P-AVAX S.A. participated in a joint plan for market allocation and bid rigging in public-infrastructure tenders during 2005–2012. The authority imposed a €18,320,193 fine, treated obstruction of two inspections as an aggravating circumstance, and states that the decision is final and was not appealed. AVAX S.A. is the same listed legal entity: the Athens Exchange recorded the change from J. & P. - AVAX S.A. to AVAX S.A. in 2019. Primary HCC source: https://www.epant.gr/en/decisions/item/1226-decision-642-2017.html Corporate-continuity source: https://www.athexgroup.gr/el/documents/10180/5316043/%CE%91%CE%92%CE%91%CE%9E%20A.E.%2002%20-%2005-%202019/b9285fa8-c307-426b-8e8e-da6a484dee4a

Evidence Weight
99.84
Severity: high
Recency Weight: 99.83597705076103
File Weight: 1