A PYMNTS Company

Austria: Cartel court fines food retailer guilty of price-fixing

By  |  May 14, 2013
Austria: Cartel court fines food retailer guilty of price-fixing

Food retail giant Rewe has been fined about $27 million by Austria’s cartel court in what amounts to the second-largest antitrust fine in the nation’s history. According to reports, the country’s Federal Competition Authority found the retailer to have formed a cartel to fix sale prices with suppliers between 2007 and 2012. While Rewe said in a statement that it does not legally agree with the decision, the company accepted the accusations from the start and found the fine to be “acceptable.” According to reports, the regulator suspected the price-fixing to have affected most the sectors of dairy and beer.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Austrian Times

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.