A PYMNTS Company

France: Dawn raids, crackdowns on pig slaughterers leads to $6.2M fine

 |  February 13, 2013

France’s antitrust authority has reportedly followed up on complaints received over pork slaughterers and has fined eight of them, along with two professional entities, for anticompetitive agreements. Nearly $6.2 million has been issued in fines after four pig farmers in France complained of the alleged collusive behavior. France’s antitrust authority investigated and found reason to fine the slaughterers after a probe that included dawn raids. According to reports, the slaughterers focused on lowering the prices paid to the farmers for their livestock. Along with the eight slaughterers, the French Meat Association and the FAC were also both fined.

 

Full Content: 4-Traders

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