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Greek dairy firms, supermarkets fined for fixing milk prices

Greek dairy firms, supermarkets fined for fixing milk prices

Four dairy companies and six super markets were fined a total of euro28.6 million (US$42 million) for fixing retail prices on dairy products, the Greek Competition Commission said Friday.
Carrefour, a unit of the French retail giant, was fined around euro520,000 (US$765,000).
The watchdog said milk producers, distributors and super markets made agreements which "in the opinion of the commission, (include) anticompetitive practices that directly impact the prices paid by consumers."
The largest fine announced Friday was against food conglomerate Vivartia SA for euro21.8 million (US$32 million).
Fines on the other companies ranged from around euro40,000 to euro3 million (US$60,000 to US$4.4 million).
The other companies named were Greek dairy firms Mevgal, Fage and Olymbos, as well as supermarkets Alfa-Beta Vassilopoulos SA, Veropoulos Bros., Atlantic Supermarket SA, Sklavenitis and D. Masoutis SA.
Earlier this month, the commission fined seven dairy companies a total of euro48.3 million over similar allegations.


Updated : 2021-06-14 05:45 GMT+08:00