Argentina’s antitrust authority has fined four liquid oxygen companies—Air Liquide, Praxair, AGA and Indura—A$31.5 million for operating a cartel. The four companies were found to have colluded to increase prices and block competitors from the liquid oxygen market in Argentina between 1997 and 2002.
The antitrust authority commented that it levied the large fines on the companies due to the fact that a number of the consumers were public hospitals buying medical oxygen.
