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Saudi Arabia: Soda firms hit with price-fixing penalty

By  |  July 17, 2014

Several soft drink companies in Saudi Arabia have been fined for price manipulation and other anticompetitive business practices, reports say.

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    The nation’s Council of Competition Protection released a statement announcing the fines, issued for price-fixing, exclusive dealing, unfair contracts and other unfair tactics to strengthen its market share and profits.

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    The CCP also noted that the fines would be doubled if the companies repeated the offenses.

    Reports did not specify which companies were fined.

    Full content: Arab News

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