The European Commission has decided to close an investigation into the sugar market for allegations of price-fixing, citing a lack of evidence despite fines having been issued to some sugar manufacturers by German regulators.
In a statement released Wednesday, the Commission said sufficient evidence for price-fixing in the industry was not found during dawn raids at offices of Suedzucker and Nordsuzker, carried out last year.
The two companies, along with Pfeifer & Langen, were issued fines by Germany’s competition authority just a day prior to the Commission’s announcement; Germany said regulators found evidence of market collusion.
While the Commission has decided to close its probe, the regulator noted that it “does not exclude that it may re-investigate the sugar sector at a later state on the basis of new elements.”
Full Content: Businessweek
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI