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ARTICLE · 13 FEBRUARY 2026

Spanish Competition Enforcement In 2025 And Outlook For 2026

A&O Shearman
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As in recent years, we begin 2026 by summarizing what were, in our view, the most prominent trends in the CNMC's enforcement of competition rules in Spain in 2025.

SpainAntitrust/Competition Law
Antonio Martínez
Antonio Martínez
Jaime Rodríguez
Jaime Rodríguez
Enrique Ferrer
Enrique Ferrer
Anabel Blasco
Anabel Blasco
Andrea Salgado
Andrea Salgado
Lucia Cunille
Lucia Cunille
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Investigations continue, but fewer fines are imposed: has a decline in leniency applications had an impact?

During 2025, the CNMC maintained a similar level of investigative activity in respect of restrictive practices compared to previous years.

However, this has not translated into a significant number of proceedings ending with an infringement decision. Last year the CNMC:

  • adopted 19 decisions relating to anticompetitive practices: only four ended with a declaration of infringement, one was resolved through a commitment's decision, and 14 were closed without an infringement declaration
  • opened four new infringement proceedings (this is broadly consistent with the number of proceedings in previous years, although lower than in 20241).

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