Car dealer Motorhuis fined for failing to notify of a concentration
Failing to notify of concentrations on time undermines the oversight efforts of the Netherlands Authority for Consumers and Markets (ACM). ACM has therefore imposed a fine of EUR 500,000 on Dutch car dealer Motorhuis B.V. and its holding company Markeur Holding B.V. and Markeur Houdster B.V. The fine was imposed in connection with the acquisition of activities of the Bulters group.
The Dutch Competition Act mandates businesses to notify ACM of planned concentrations. ACM is then able to assess prior to the concentration if there are any anti-competitive concerns. Reduced competition leads to higher costs, less choice, and fewer options for consumers and businesses alike. The Netherlands Authority for Consumers and Markets cleared the concentration on August 24, 2012.