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Franco-German flour cartel fined by Autorité de la concurrence for conspiracy and price-fixing

By  |  March 13, 2012
Franco-German flour cartel fined by Autorité de la concurrence for conspiracy and price-fixing

The Autorité de la concurrence has fined 14 French and German flour millers for forming a cartel to limit flour exports between the two countries. The watchdog has also fined seven French flour companies for price fixing, through the cooperatives France Farine and Bach Muehle, which conspired to set flour at artificially high prices. The cartel was fined 242 million euros (approximately $317 million) and the price-fixing companies 147 million euros.

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    German miller Wilh. Werhahn KG had reported the cartel and thereby avoided a 16.7 million euro fine.

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    Full content: Bloomberg

     

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