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Germany: Regulator investigates possible tractor cartel

By  |  January 31, 2016

Germany’s anti-trust regulator said on Friday it was investigating a possible cartel of companies making agricultural machinery, particularly tractors. It did not name any targets of the probe.

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    German agricultural trading group Baywa said the cartel office had searched its headquarters earlier this week on suspicion that some of its employees were involved in anti-competitive agreements.

    Baywa said a court order showed several companies from the industry were being investigated, adding it was cooperating with the cartel office.

    Deere & Co, the maker of John Deere tractors, said late on Friday it was not involved.

    “Deere has not been contacted by German antitrust authorities and has not experienced a “raid” of any kind,” a spokesman said by email.

    Full content: Reuters

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